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.
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.”
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“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”.
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.