30.8 C
Accra
Thursday, November 21, 2024
BusinessCancel GRA/SML deal – Manasseh Azure

Date:

Cancel GRA/SML deal – Manasseh Azure

Investigative journalist Manasseh Azure Awuni has called for the complete dissolution of the contentious revenue mobilisation deal between the Ghana Revenue Authority (GRA) and Strategic Mobilisation Ghana Ltd (SML).

Speaking on Joy FM’s Super Morning Show on Thursday, May 23, Awuni, whose investigative work with the Fourth Estate, a project of the Media Foundation for West Africa (MFWA), exposed flaws in the deal, expressed his disappointment with the government’s attempts to retain parts of the contract.

He highlighted the lack of evidence showing that SML held politically affiliated oil marketing companies accountable, noting these companies engage in practices such as diversion, dilution, and under-reporting, which rob the government of significant revenue.

“The fact that politically affiliated OMCs sell products, collect taxes, and fail to remit payments to the government is a major revenue loss,” Awuni said.

Based on these findings, Awuni argues that SML is not fulfilling its duties and recommends terminating the contract.

“From this report, I have yet to see anywhere that SML is tackling this problem. The best move is to clear out this deal,” he stated.

SML Controversy

In April this year, an investigation by The Fourth Estate, uncovered numerous irregularities in the contracts between Strategic Mobilisation Limited (SML), the Ministry of Finance, and the Ghana Revenue Authority (GRA).

The investigation revealed discrepancies in SML’s claims regarding its services aimed at tackling revenue losses in the downstream petroleum sector.

President Akufo-Addo subsequently instructed KPMG to conduct a comprehensive audit.

Despite SML’s assertions that its services were effectively addressing under-declaration, dilution, and diversion of petroleum products, evidence presented by The Fourth Estate showed that these functions were being carried out by other companies and the National Petroleum Authority (NPA).

Managing Director of SML, Christian Tetteh Sottie admitted to the inaccuracies and promptly removed the false claims from the company’s website.

Despite these revelations and other admitted falsehoods, Minister of Finance Ken Ofori-Atta initiated a process in 2023 to expand SML’s contracts to include the gold and oil-producing sectors. This decision significantly increased the annual contract sum to over $100 million.

Following the investigation by The Fourth Estate and subsequent public outcry, President Akufo-Addo suspended the contracts and commissioned KPMG to conduct an audit and submit a report.

While the president released a press statement regarding the findings, the full report provides even more damning revelations about SML’s operations within its contracts with the Ministry of Finance and the GRA.

[forminator_poll id="710479"]

Latest stories

Efutu parliamentary candidate nabbed for faking nominee signatures

Independent parliamentary candidate for the Effutu Constituency in the...

A term is all I need to transform Ghana – Hassan Ayariga

The Presidential Candidate for the All People’s Congress (APC),...

Black Stars Management Committee dissolved after AFCON qualification disappointment

The Ghana Football Association (GFA) has disbanded the Management...

I thought my wife Joana was an occult member – Keche Andrew

Andrew Kofi Cudjoe, popularly known as Keche Andrew and...

Gift fire extinguishers and not hampers this Christmas – GNFS to public

The Ghana National Fire Service (GNFS) has urged Ghanaians...

GWR: Ghanaian teacher set to attempt for longest reading aloud Marathon

The Guinness World Records (GWR) has officially accepted the...

Related stories

CBG achieves historic GHS1bn revenue in Q3 2024

Consolidated Bank Ghana Ltd. (CBG) has reached a remarkable...

PPI ascends from 30.5% in September to 33.0% in October 2024 – GSS

Fresh data from the Ghana Statistical Service (GSS) indicates...

PPI hits 33.0% in October through mining and industrial sectors

Ghana’s Producer Price Inflation (PPI) rate has surged to...

Power sector in jeopardy as ECG fails to settle $259m debt

The power sector in Ghana is facing a serious...

Pay bills promptly to enable us provide potable water to citizenry – GWCL

The Ghana Water Company Limited (GWCL) is urging its...

LEAVE A REPLY

Please enter your comment!
Please enter your name here