Akufo-Addo releases KPMG audit report on GRA and SML contract

President Nana Akufo Addo of Ghana
President Nana Akufo Addo of Ghana | Photo: Getty Images

President Akufo-Addo has released the KPMG audit report concerning the controversial contract between the Ghana Revenue Authority (GRA) and Strategic Mobilisation Limited (SML), the Jubilee House announced on Wednesday (22 May).

This decision follows weeks of mounting pressure from civil society organizations and various sections of the public who demanded transparency regarding the numerous infractions alleged in the contract.

The President commissioned KPMG to audit the contract on January 2, 2024. The audit, initially due by January 16, 2024, was later extended to February 23, 2024.

The findings revealed that SML received a total of GH¢1,061,054,778.00 from 2018 to the present while only partially fulfilling its obligations.

Despite this, the report highlighted that SML’s work had positively impacted revenue generation in the downstream petroleum sector.

SML, however, has disputed the audit’s findings, particularly the cited amount of GH¢1,061,054,778.00. The company argued that KPMG did not account for the investments made and taxes paid during the review period.

Previously, on 8 May, the presidency declined a Right to Information (RTI) application from the Media Foundation for West Africa (MFWA) seeking access to the full KPMG audit report.

However, in a recent statement signed by Director of Communications Eugene Arhin, the Presidency has reversed this decision.

“The President, in the interest of full transparency in governance, openness, and honesty with the public, has decided to waive the privilege under section 5 of the RTI Act and has directed the publication of the KPMG report in full,” the statement read.

Find attached full details of the KPMG Report

President Akufo-Addo releases KPMG Report on GRA SML Transaction Investigation Report-Audit-RevenueAssuranceContractsTransactionsbetween GRA-SML

Source: Daily Mail GH


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