By Yaa Serwaa Sarpong, Director of Support Services at Strategic Mobilisation Ghana Ltd (SML), has disputed specific figures stated in KPMG’s report regarding the revenue they contributed to the government.
Contrary to KPMG’s report, SML contends that they significantly augmented the government’s tax revenue to GHS2.45 billion during the period in question.
“Regarding the downstream petroleum audit services, KPMG determined that there was an incremental volume of 1.7 billion litres and an incremental tax revenue of GH₵2.45 billion for the period under review,” KPMG stated in its report.
During an interview with Bernard Avle on Citi TV’s Point of View, Madam Yaa Serwaa Sarpong asserted that the government amassed GH₵14 billion through their efforts, contrasting with KPMG’s reported figure of GH₵2 billion.
“KPGMG is saying we increased tax revenue by GH₵2.45 billion, if you go to the revenue account, we have performed GH₵14.8 billion and not GH₵2.45 billion. From May 2020 to December 2023, within that period, the yearly accumulation translates into the revenue,” she said.
She reiterated their objections to KPMG’s report that they partially fulfilled the contract.
“The volume of works we have done is more than what KPMG reported, we have been underrepresented. The reason why we said we object to KPMG’s observation is that if we partially delivered on our obligations, this is a proven service that led us to the downstream petroleum.”
President Akufo-Addo reacted to the report by directing the Ghana Revenue Authority (GRA) and the Ministry of Finance on April 24 to initiate renegotiations of the revenue assurance contract with SML.
The President emphasized the importance of closely monitoring and periodically evaluating the renegotiation to ensure it aligns with expectations.
President Akufo-Addo commissioned KPMG on January 2 to conduct an audit of the contract between the GRA and SML.
Upon submission of its report to the president, it was revealed that SML had received a total of GH¢1,061,054,778.00 from 2018 to the present.
