by Stephen Kwabena Effah

September 6, 2017

I’ve no contract with COCOBOD – McDan CEO replies Minority

The Chief Executive Officer of McDan Shipping Company, Daniel McCauley has denied claims by the Minority in Parliament that he has a secured a supply contract with the Ghana Cocoa Board (COCOBOD).

He has also refuted claims that he leveraged on a perceived relationship with the Minister of Finance, Ken Ofori-Atta to secure a GH¢10.45million Agriculture Development Bank (ADB) loan.

According to him, he secured the loan purely on a business basis.

The Minority at a press conference on Tuesday accused Mr Ofori-Atta of usurping the authority of the board of ADB by approving the credit facility to McDan Shipping Company.

The Minority also claimed that Mr Ofori-Atta breached the procurement law in the award of a COCOBOD contract to McDan Shiipping Company.

But in an interview on Accra-based radio station, Mr McCauley denied having any supply contract with COCOBOD.

“The arrangement was purely a business transaction. The accusations are palpably false and the minister could not have usurped the powers of the ADB board.

“I don’t have any supply contract with COCOBOD. I am a client of ADB and I got the credit facility based on merit. I am a businessman and will not do anything to dent the reputation of my business,” he explained.

Meanwhile, Mr Ofori-Atta has also rejected the claims by the Minority that he breached due process by approving the loan facility.

Source Graphic Online

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