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The KPMG audit report on the transactions between the Ghana Revenue Authority (GRA) and Strategic Mobilization Ghana Ltd (SML) has been given to President Akufo-Addo.
Following the release of a documentary by the Fourth Estate that revealed SML was receiving billions of dollars from the state for purportedly no work done, the president authorized KPMG to do an emergency audit of the transaction between GRA and SML in January.
The Ministry of Finance signed into the contract in order to improve revenue assurance throughout the value chain of minerals and metals resources, upstream petroleum production, and downstream petroleum sector.
According to a statement released on Wednesday, April 2, by Eugene Arhin, the director of communication at the Office of the President, President Akufo-Addo would shortly make his decision public following review of the report.
“The President of the Republic, Nana Addo Dankwa Akufo-Addo, on Wednesday, 27 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),” the statement said.
“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 2 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,” it added.
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Source: Ghanatodayonline.com
