President Akufo-Addo suspends SML/GRA deal, appoints KPMG to audit transaction

The President, Nana Addo Dankwa Akufo-Addo, has ordered the immediate suspension of the revenue assurance contract signed between the Ghana Revenue Authority (GRA) and Strategic Mobilization Ghana Ltd (SML).

He has also appointed the Audit, Tax, and Advisory Services firm, KPMG, to conduct an immediate audit of the transaction.

In a statement dated January 2, signed by the Director of Communications at the Presidency, Eugene Arhin, the President said, “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.”