Home / Finance / Ken Ofori-Atta gave GHȻ10m Adb loan, contract without Board approval – Minority

Ken Ofori-Atta gave GHȻ10m Adb loan, contract without Board approval – Minority

The Minority in Parliament has accused Finance Minister, Ken Ofori Atta of breaching the procurement Act when he awarded a GHȻ10m COCOBOD contract to a private businessman.

At a press conference Tuesday, the National Democratic Congress (NDC) MPs said the contract was given without the approval of the Public Procurement Authority.

Addressing the media, Minority Leader, Haruna Iddrisu, said the contract given to McDan Shipping Company Limited, did not pass through the Central Tender Review committee.

The MPs say the contract was awarded on June 9, 2017, but the Review committee which is to do the approval was only constituted on August 1, 2017.

The Minority caucus said there is also no board for the PPA to approve the contract and are therefore asking “who in the PPA is approving those contracts?”.

“There is a breach of the procurement process … is clear that this government is not respecting procurement laws” he called the attention of the media.

The Minority said the Finance Minister also approved a GHȻ10million loan from adb Bank to be given to McDan Shipping again without the approval of the Board.

They pointed out, the adb Bank does not even have a Board.

The NDC MPs said the approval exposes the bank to possible collapse in granting the GHȻ10 million cedis loan to one of his political cronies.

Expect more…

credit –

About Punch GH

Punch GH
Punch GH brings you the latest news from Ghana. 24/7 live news, politics, entertainment, sports, lifestyle, celebrities & more.

Check Also

Let’s make history with my re-election in 2020 – Mahama

Former President John Mahama is keen on making history as the first former President to …

Leave a Reply

Your email address will not be published. Required fields are marked *