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 Salaries In 2018 Here are the dates public workers will be paid in 2018bullet
2 Menzgold Ghana Investment company closes down its Gold Vault Marketbullet
3 Movie Time Kumasi City Mall raises the bar; opens Ghana’s first...bullet
4 Retirement How to calculate your SSNIT pensionbullet
5 Black Stars Nana Aba comes under attack over Black Stars...bullet
6 Menzgold Ghana Don't deposit money with Menzgold – BoG...bullet
7 Street Lights In Ghana ECG is not responsible for your...bullet
8 Taxes In Ghana 3% VAT flat rate takes off in July 1bullet
9 Free Decoder Promo StarTimes launches most affordable...bullet
10 Paying Taxes Newmont Ghana named country’s largest...bullet

Top Videos

1 Forbes 2018 Africa's billionaires rich listbullet
2 New Discovery Ghana discovers new mineral, lithium in commercial...bullet
3 Money Alert Meet Africa's richest womanbullet
4 Bozoma Saint John 10 quotes from Uber top official, Bozoma, that...bullet
5 Support Finance minister buys Kantanka carbullet
6 Plane Crash Starbow suspends operations following plane crashbullet
7 Entrepreneurship How to be resourceful as an entrepreneurbullet
8 Entrepreneurship Creating Success Systems | StartUpSchoolbullet
9 Dr Joseph Siaw Agyepong Nobody can collapse my company –...bullet
10 Entrepreneurship Failure- How To Deal With It |...bullet

Business