Pulse.com.gh logo
Go


ADB Loan I have no supply contract with COCOBOD – McDan CEO

The Chief Executive Officer of  McDan Shipping Company Daniel McCauley said the assertion by the Minority in Parliament that he leveraged on a perceived relationship with the finance minister to secure a loan is false.

  • Published:
24/7 Live - Subscribe to the Pulse Newsletter!

The Chief Executive Officer of  McDan Shipping Company Daniel McCauley has said that he has no supply deal with Ghana Cocoa Board (Cocobod) as alleged by the Minority in Parliament.

He described the assertion by the Minority in Parliament that he leveraged on a perceived relationship with the finance minister to secure a loan as false.

Speaking on Accra-based Starr FM McCauley said he does not have “any supply contract with COCOBOD.”

READ ALSO: Gov’t to pay $279m or risk judgment debt

“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”.

READ ALSO: We will comment on SSNIT rot after expert advice - Minority

His comments follow allegation from the Minority in Parliament that the Finance Minister usurped the authority of the board of ADB in the approval of a loan facility to McDan Shipping Company Limited.

However, the Finance Minister has denied any wrongdoing in the dealing in the approval of the loan.

Do you ever witness news or have a story that should be featured on Pulse Ghana?
Submit your stories, pictures and videos to us now via WhatsApp: +233507713497, Social Media @pulseghana: #PulseEyewitness & DM or Email: eyewitness@pulse.com.gh.

Recommended Articles

Recommended Videos




Top Articles

1 Ghana Politics Akufo-Addo fires Lands Commission bossbullet
2 New Appointment Nana Addo appoints Mahama as Lands Commission bossbullet
3 Menzgold Ghana Don't deposit money with Menzgold – BoG cautions...bullet
4 Mobile Money MTN freezes account of Ponzi scheme over GH¢11m defaultbullet
5 Mahama boys prevented me from meeting him – Fibre Optics Inventorbullet
6 Government Interventions UN expert says 1D1F, $1m Per...bullet
7 Salaries In 2018 Here are the dates public workers will be...bullet
8 MTN Ghana Selorm Adadevoh is MTN Ghana’s new CEObullet
9 Achimota Mall’s Sidewalk Sales Full of Swanky Shopping...bullet
10 Roshi Motman AirtelTigo CEO resignsbullet

Top Videos

1 New Discovery Ghana discovers new mineral, lithium in commercial quantitiesbullet
2 Forbes 2018 Africa's billionaires rich listbullet
3 Dr Joseph Siaw Agyepong Nobody can collapse my company – JOSPONGbullet
4 Money Alert Meet Africa's richest womanbullet
5 Plane Crash Starbow suspends operations following plane crashbullet
6 Bozoma Saint John 10 quotes from Uber top official, Bozoma,...bullet
7 New Phone Nokia’s MWC 2018 Event in Under 10 Minutesbullet
8 Support Finance minister buys Kantanka carbullet
9 Video We are determined to move Ghana beyond aid - Bawumiabullet
10 Entrepreneurship How To Get Ready To Get Started |...bullet

Business