Presidency acknowledges receipt of KPMG’s audit report on GRA-SML contract
President Akufo-Addo has received the audit report on the GHS 3bn revenue assurance contract between the Ghana Revenue Authority (GRA) and Strategic Mobilisation Ghana Ltd (SML).
The report, commissioned by the President on 2nd January 2024, was submitted by global auditing firm KPMG on Wednesday, March 27, 2024.
Confirming the receipt of the audit report in a Facebook post, Eugene Arhin, Director of Communications at the Presidency, averred President Akufo-Addo is currently studying the findings of the audit report.
“The President of the Republic, Nana Addo Dankwa Akufo-Addo, on Wednesday, 27th March 2024, received from KPMG its report on the audit conducted, at the behest of the President, on the transactions between the Ghana Revenue Authority (GRA) and Strategic Mobilisation Ghana Ltd (SML). President Akufo-Addo is studying the findings of the audit report, and will, in due course, make his decisions known to the Ghanaian people.
“It will be recalled that on 2nd January 2024, the President appointed KPMG to audit the contracts entered into between GRA and SML, and subsequently directed the Ministry of Finance and GRA to suspend the performance of the contracts, pending the submission of the audit report, including any payments presently envisaged under their terms,” wrote Mr Arhin.
Mr Arhin further indicated that the President will soon communicate to Ghanaians, his decision on the matter.
The President earlier this year directed both the Ministry of Finance and GRA to suspend the revenue assurance contract with SML pending the outcome of an audit by KPMG.
This directive also extended to halting any anticipated payments under the said contract.
