Finance Minister responds to Minority over GH¢10.45million McDan Shipping loan

Graphic Ghana - The Minister of Finance, Mr Ken Ofori-Atta has refuted accusations by the Minority in Parliament that he breached the ...


Graphic Ghana - The Minister of Finance, Mr Ken Ofori-Atta has refuted accusations by the Minority in Parliament that he breached the law in the award of a GH¢10.45million Agriculture Development Bank (ADB) to McDan Shipping Company Limited.

According to him, the approval of the loan lay solely on the bank’s credit committee.

The Minority at a press conference on Tuesday claimed that Mr Ofori-Atta singlehandedly approved the credit facility to McDan Shipping Company for the purpose of executing a supply contract awarded to it by the Ghana Cocoa Board (COCOBOD).

According to the Minority, the loan directive and the award of the COCOBOD contract to MacDan at a time the two institutions did not have their boards in place were illegal as they were done without due processes.

But in an interview on Accra-based radio station, Citi FM, Mr Ofori-Atta said his actions did not violate the procurement law.

“That will be the purview of the credit committee of the bank…with banking transaction, the credit committee goes through and then makes their recommendation. I would imagine that on my part it was the right thing,” he explained.

COMMENTS

Loading...
Loading...
Name

Africa Politics,119,Biography,26,br,1,Breaking News,224,Business,21,Celebrities,919,Donald Trump,38,Education,3,Entertainment,625,Extras,47,Foreign News,7,Foreign Showbiz,385,Ghana People,140,Ghana Politicians,531,Ghana Politics,719,Ghana Post,2,Gossip,194,Lifestyle,239,Local Showbiz,1027,Music,156,News,725,Opinions,25,People and Opinions,268,Politics,140,Religion,26,Sex Tapes,30,Social Media,82,South Africa Today,109,Sports,1006,Tech,5,Try it,1,USA Today,129,Videos,161,Viral,196,World Politics,176,
ltr
item
GhanaPoliticians.com: Finance Minister responds to Minority over GH¢10.45million McDan Shipping loan
Finance Minister responds to Minority over GH¢10.45million McDan Shipping loan
https://4.bp.blogspot.com/-oA2KSePrs_A/Wa_5ujzdeaI/AAAAAAAANAk/FH3lE01VSh89hKBpkW_XQpDJtPjIOzGZgCLcBGAs/s320/ofori_atta2.jpg
https://4.bp.blogspot.com/-oA2KSePrs_A/Wa_5ujzdeaI/AAAAAAAANAk/FH3lE01VSh89hKBpkW_XQpDJtPjIOzGZgCLcBGAs/s72-c/ofori_atta2.jpg
GhanaPoliticians.com
http://www.ghanapoliticians.com/2017/09/finance-minister-responds-to-minority.html
http://www.ghanapoliticians.com/
http://www.ghanapoliticians.com/
http://www.ghanapoliticians.com/2017/09/finance-minister-responds-to-minority.html
true
7028582800879771799
UTF-8
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS CONTENT IS PREMIUM Please share to unlock Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy