Picking up the theme of cronyism echoed Tuesday afternoon by the Minority, Ningo-Prampram MP Sam George told Joy News later in the evening, the breaches of the law are clear.
The Minority at a press conference produced a letter signed by the Finance minister authorising adb bank to disburse ¢10.459 million to McDan Shipping company.
Incidentally, the company had also won a COCOBOD contract also granted him by the Finance minister without the approval of the Central Tender Review Committee of the Public Procurement Authority.
These two developments, the Minority says, portends dangerous times for corporate governance in Ghana because the Finance minister is reaching beyond his authority.
Without giving details of the exact breach in the law, Sam Goerge said on Newsnite, ” no section of Financial Administration Act that gives him those powers.”
He said the NPP after demonising the previous government for using sole sourcing to dish out contracts to cronies are also doing the same thing.
McDan, the NDC pointed out, played a role in the NPP’s attempt to bring into the country foreign nationals which the party claims were to train the security team around their 2016 presidential candidate Nana Akufo-Addo.
The Minority said the 10.4m loan to the company, therefore, smacks of “nepotism and blatant partisanship.”
Sam George questioned the authenticity of the Finance minister’s Christian faith after disregarding laid down procurement process.
“Can I ask the Finance minister…he professes to be a very good Christian. If he will be able to face the Lord on judgement day and say to the Lord that he carried himself right.”
He said the Minority would boycott the 2018 budget approval later in the year if the various Boards of public institutions are not constituted by the president.
“We cannot continue an illegality. We will not be approving the budget of government”, he said explaining Parliament approved expenditures for state institutions in the knowledge that its boards will be in place to ensure good corporate governance practices.
An Entrepreneur and Philanthropist. Editor-in-Chief of www.233times.com. A Senior Journalist with Ghanaian Chronicle Newspaper. An alumnus of Adisadel College where he read General Arts. He holds first degree in Bachelor of Arts from the University of Ghana; Political Science (major) and History (minor). He has also pursued MSc Corporate Social Responsibility (CSR) and Energy with Public Relations (PR) at the Robert Gordon University in the United Kingdom. He is a 2018 Mandela Washington Fellow (YALI) who studied at Clark Atlanta University on the Business and Entrepreneurship track. His mentors are Rupert Murdoch, Warren Buffet, Sam Jonah, Kwaku Sakyi Addo and Piers Morganview all posts by: Nana Kwesi Coomson
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