President Akufo-Addo orders audit into GRA/SML contract

President Akufo-Addo has ordered an audit into the contract between the Ghana Revenue Authority (GRA) and Strategic Mobilisation Limited (SML).

The audit will be conducted by KPMG and is slated to last for two weeks.

A press statement from the Presidency, issued by Communications Director Eugene Arhin, outlines the President’s specific terms of reference for the KPMG audit.

The directive reflects a commitment to ensuring transparency and accountability in the execution of the GRA’s contractual agreement with SML.

“The President of the Republic, Nana Addo Dankwa Akufo-Addo, has appointed KPMG, the reputable Audit, Tax and Advisory Services firm, to conduct an immediate audit into the transaction between the Ghana Revenue Authority (GRA) and Strategic Mobilization Ghana Ltd (SML), a contract which was entered into to enhance revenue assurance in the downstream petroleum sector, the upstream petroleum production and minerals and metals resources value chain,” an excerpt of the release said.

President Akufo-Addo further instructed the Ghana Revenue Authority (GRA) and the Ministry of Finance to adhere to his directive and furnish KPMG with all necessary documentation for the upcoming audit.

“The President has directed the Ministry of Finance and GRA to provide KPMG with whatever assistance they will require for conduct of the audit, and has also directed the Ministry of Finance and the Ghana Revenue Authority to suspend the performance of the contract, pending the submission of the audit report, including any payments presently envisaged under its terms,” the release concluded.