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