Ken Ofori-Atta gave GH¢10M ADB loan, contract without Board approval – NDC reveals

Ken Ofori-Atta gave GH¢10M ADB loan, contract without Board approval – NDC reveals

The Minority in Parliament has charged the Finance Minister, Ken Ofori Atta of breaching the procurement Act when a GHȻ10m COCOBOD contract was awarded to a private businessman without board approval.

Get more news and articles on trending and current issues in politics in Ghana here on YEN.com.gh

During a press conference held on Tuesday, the National Democratic Congress (NDC) Members of Parliament (MP’s) defended the charge saying that the contract was awarded without the green light of the Public Procurement Authority.

READ ALSO: Paul Adom Otchere drags Manasseh's wife into alleged Jospong saga?

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

Ken Ofori-Atta

Ken Ofori-Atta

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 opposition further stated that there no board for the PPA to approve the contract and so wanted to inquire "who in the PPA is approving those contracts?"

"There is a breach of the procurement process .....It is clear that this government is not respecting procurement laws" he expressed to the media.

The Minority caucus said the Finance Minister also approved a GHȻ10million loan from ADB Bank to be given to McDan Shipping without the go ahead of the board and said that the ADB Bank also did not 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.

READ ALSO: A Plus spits more fire after presenting evidence to CID

Send us a message on our official YEN Facebook group or at info@yen.com.gh.

YEN is building a platform where Ghanaians can share local news and own experiences with each other.

Witnessing an incident? Want to tell about a local problem? Know someone who is extremely talented and needs recognition?

Your stories and photos are always welcome.

Source: Yen.com.gh

Related news
Bawumia became 'Bible' to Ghanaians during 2016 campaign – Kofi Adams

Bawumia became 'Bible' to Ghanaians during 2016 campaign – Kofi Adams

Bawumia became 'Bible' to Ghanaians during 2016 campaign – Kofi Adams
YEN.com.gh
Mailfire view pixel