The Institute for Liberty and Policy Innovation (ILAPI), in partnership with the Pali Centre for Transformative Leadership, is set to hold a high-level policy dialogue on reducing and improving family dignity through the use of the Next of King.
The high-level event is set to be held on November 27, 2023, at the Coconut Regency Hotel.
The overall objective is to secure well-defined legal structures with little to no barriers for the next of kin to access the funds of the deceased breadwinner to reduce poverty and dependency.
The dialogue seeks to cause reforms and provide a transparent and accountable approach when completing bank accounts and subscribing to insurance policies; to provide a clear administrative path and documentation needed to access the funds of the deceased to support the welfare of the spouses, children, and the family; and to help reduce poverty and dependency through the next of kin and beneficiaries accessing the funds in the banks, insurance companies, and SSNIT visa-vis the cultural dimensions.
According to the organisers, the event will further help to cause the banks, insurers, and SSNIT to have simplified processes for verification and Know Your Next of Kin (KYNK) systems to access funds for all classes of persons, to highlight the bureaucratic structures and examine their impact on poverty and dependency, to prevent information asymmetry between the next of kin and financial institutions, and to streamline the documentation needed to access locked funds.
Furthermore, the organisers, as part of their project deliverables, will conduct a nationwide survey report, draft a report, hold stakeholder engagement (high-level policy dialogue) with legislators, Have three separate videos or visuals on the experiences of individuals accessing funds. Publication of reports and media engagement and a follow-up on the implementation of reforms by institutions matter.
The activities to achieve the overall objectiveis to “conduct a nationwide exploratory survey to collect both qualitative and quantitative data from 1000 respondents.
This will include a critical review of background literature on the challenges next of kin face in unlocking funds from both government and private entities. There would be the development of questionnaires for the public.
The data would be analysed and a report written. There will be dialogues with policymakers at different stages of the report for input. Lawmakers, media, regulators, and businesses would receive copies of the report for further debate and implementation of the recommendations for reforms. (DONE)
Lived experiences shared by participants would be assembled for documentaries. This would be done through snowballing to reach out to individuals who had been through the process of unlocking the funds of their deceased loved ones. stories would be deduced and packed for public view. Hold interviews with legislators for their opinions and commitment to helping reduce family poverty. In-house designers would be tasked with designing fliers and banners of statements to be released on our social media handles. These fliers would be promoted to reach many more citizens. (ONGOING)
A high-level dialogue on next of kin and procedural challenges affecting and delaying the processes in unlocking funds for the deceased These dialogues are to provide objective inputs to streamline the process and simplify the documentation to keep children, families, and spouses out of poverty. (Scheduled for November 27, 2023, at the Coconut Groove Regency Hotel, 1 PM–3 PM)”, the organisers added.
The speakers are Francis Xavier Sosu Esq., MP Madina Constituency; Frank Papa Kwabena Kumi, President, Pali Centre for Transformative Leadership; Bismark Kwofie, Executive Director, ILAPI; and Ebenezer Isaac Teye Nubour, Senior Partner, Voxtua Legal Services.