• About
  • Advertise
  • Privacy Policy
  • Contact
Saturday, July 12, 2025
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result

SML Alleges Upstream Contract…Expansion Amid GRA Dispute 

May 21, 2025
Prince Agyapongby Prince Agyapong
in Extractives/Energy
0
SML Alleges Upstream Contract…Expansion Amid GRA Dispute 

Strategic Mobilization Ghana Ltd. (SML)

Strategic Mobilisation Ghana Ltd. (SML) announces contract extension to the upstream petroleum sector, despite prior denial from Ghana Revenue Authority (GRA). 

Dr. Yaa Serwaa Sarpong, Director of Support Services at SML, confirmed the development during the company’s fifth anniversary event, highlighting SML’s growing mandate in securing government revenue through technological oversight and data systems. 

“We have a contract for that—an extended scope to replicate the downstream model in the upstream space.

“This will allow the Ghana Revenue Authority (GRA) to gain real-time insight into crude oil extraction, storage, and exports.” 

Dr. Yaa Serwaa Sarpong, Director of Support Services at SML

This announcement signals a strategic move by SML to broaden its operational reach beyond fuel audit services in the downstream petroleum sector, where it has built a reputation for digitizing fuel tracking and reducing revenue leakages. 

RelatedPosts

Ghana Poised to Kickstart Nsuta-Tarkwa Manganese Refinery Project

Barker-Vormawor Defends E&P in Legal Dispute

Lands Minister Charged to Back Off Azumah-E&P Goldmine Dispute

Despite SML’s announcement, the Ghana Revenue Authority had earlier refuted claims of any formal arrangement to extend SML’s services into upstream petroleum monitoring.

The upstream expansion will give the GRA access to previously under-monitored segments of the oil production chain, where revenue loss has often occurred due to data opacity and weak oversight mechanisms.  

With SML’s real-time data infrastructure, petroleum liftings across key locations such as Takoradi, Akosombo, and Bolgatanga will now be closely tracked. 

Dr. Yaa Serwaa Sarpong Director of Support Services at SML Ghana speaking at the event
Dr. Yaa Serwaa Sarpong, Director of Support Services at SML

“Our technology is already providing real-time insights into petroleum liftings at multiple terminals.

“We are able to bridge volume gaps and give GRA better tools to ensure Oil Marketing Companies (OMCs) pay the right taxes.” 

Dr. Yaa Serwaa Sarpong, Director of Support Services at SML

The upstream oversight is expected to close significant gaps in the tax net by making oil production more transparent and auditable, a critical measure as Ghana continues to ramp up crude exports and expand its energy infrastructure. 

Since its inception in 2018 under a subcontract from the GRA, SML has helped improve Ghana’s downstream petroleum sector by digitizing the monitoring of fuel volumes and movement.  

Its solutions have helped reduce discrepancies between actual volumes and tax declarations, significantly improving revenue collection. 

“Our story began with a bold vision: to support governments in safeguarding national revenue through end-to-end audit and revenue assurance services.

“Even at that early stage, our team demonstrated the value we could bring—combining precision, accountability, and technical expertise.” 

Dr. Yaa Serwaa Sarpong, Director of Support Services at SML

The company claims that its real-time data feeds have enhanced the GRA’s ability to monitor petroleum movements and enforce compliance more effectively, particularly among OMCs.

New Push into Solid Minerals Monitoring 

Gabon appraisal well
Oil Investment

In addition to its upstream petroleum expansion, SML is also entering Ghana’s solid minerals sector.  

Dr. Sarpong revealed that the company has developed a proprietary digital platform named SML Nova, initially focused on tracking gold. This initiative aligns with government efforts to formalise small-scale mining, reduce smuggling, and boost gold-related tax revenues. 

“We have signed a contract to track solid minerals, beginning with gold.

“SML Nova is our system designed to enhance transparency and traceability across the entire value chain.” 

Dr. Yaa Serwaa Sarpong, Director of Support Services at SML

The Minerals Commission and the Ministry of Finance have long grappled with poor reporting and under-declaration in the mining sector. SML’s entry is anticipated to provide stronger data tools for enforcement, licensing, and export regulation. 

Ghana's Mining Industry
Ghana’s Mining Industry

“This isn’t just about technology—it’s about building trust in the system.

“When the government knows what’s being lifted, sold, and exported, it can plan better, collect more, and ultimately serve citizens better.” 

Dr. Yaa Serwaa Sarpong, Director of Support Services at SML

The expansion of SML’s mandate has drawn some scrutiny, particularly around contract terms and market dominance, the conflicting narratives with the GRA regarding upstream operations raise questions about inter-agency coordination and communication.

However, the company maintains that its work is in full compliance with national regulations and is backed by contractual agreements with the GRA and other state institutions. 

SML’s announcement adds a new dimension to Ghana’s ongoing efforts to tighten oversight in its resource sectors. However, for the upstream contract to deliver its intended benefits, clarity and alignment among stakeholders—particularly between SML and the GRA—will be crucial. 

As SML pushes forward with plans to enhance transparency and revenue protection in both oil and mineral sectors, public and governmental oversight will remain critical to ensure accountability, value for money, and public trust. 

READ ALSO: Cedi Gains Not Enough for Recovery – IERPP Boss Warns Against Overreliance on Global Trends 

Tags: Extractives sectorGhana Revenue AuthorityGRAPetroleum TaxSMLUpstream Oil Ghana
Please login to join discussion
Previous Post

China Ramps Up Investment Push Across Africa

Next Post

ECOWAS Asserts Cyber Diplomacy Role In West Africa

Sign up for The Vaultz analytic wire

Get weekly news analysis from top editors at The Vaultz and stay informed on trending economic and business issues from across the globe.

Related Posts

IMF Team to Arrive in Ghana for Talks on Economy and 2025 Budget
Economy

IMF Flags Ghana as High Risk for Debt Distress Despite Debt Being “Sustainable”

July 12, 2025
Sudan Urges ICC Probe Into Foreign Interference
Africa

Sudan Urges ICC Probe Into Foreign Interference

July 12, 2025
NPP blamed for defeat in Ablekuma North rerun
General News

Basintale Criticizes NPP’s Poor Strategy In Ablekuma North 

July 12, 2025
COP Christian Tetteh Yohunu., IGP
General News

Police Assure Justice Over Violence in Ablekuma North Rerun Election

July 12, 2025
Erdogan Supports Iran’s Right To Self-Defence
Asia

Erdogan Hails PKK’s Disarmament

July 12, 2025
IMANI Flags Transparency Gaps in $360 Million World Bank Loan, Loan, Public
General News

IMANI Flags Transparency Gaps in $360 Million World Bank Loan

July 12, 2025
IMF Team to Arrive in Ghana for Talks on Economy and 2025 Budget
Economy

IMF Flags Ghana as High Risk for Debt Distress Despite Debt Being “Sustainable”

by Stephen M.CJuly 12, 2025
Sudan Urges ICC Probe Into Foreign Interference
Africa

Sudan Urges ICC Probe Into Foreign Interference

by Lawrence AnkutseJuly 12, 2025
NPP blamed for defeat in Ablekuma North rerun
General News

Basintale Criticizes NPP’s Poor Strategy In Ablekuma North 

by Lilian AhedorJuly 12, 2025
COP Christian Tetteh Yohunu., IGP
General News

Police Assure Justice Over Violence in Ablekuma North Rerun Election

by Evans Junior OwuJuly 12, 2025
Erdogan Supports Iran’s Right To Self-Defence
Asia

Erdogan Hails PKK’s Disarmament

by Comfort AmpomaaJuly 12, 2025
IMANI Flags Transparency Gaps in $360 Million World Bank Loan, Loan, Public
General News

IMANI Flags Transparency Gaps in $360 Million World Bank Loan

by Silas Kafui AssemJuly 12, 2025
IMF Team to Arrive in Ghana for Talks on Economy and 2025 Budget
Sudan Urges ICC Probe Into Foreign Interference
NPP blamed for defeat in Ablekuma North rerun
COP Christian Tetteh Yohunu., IGP
Erdogan Supports Iran’s Right To Self-Defence
IMANI Flags Transparency Gaps in $360 Million World Bank Loan, Loan, Public
[/vc_row_inner]

Recent News

  • IMF Flags Ghana as High Risk for Debt Distress Despite Debt Being “Sustainable”
  • Sudan Urges ICC Probe Into Foreign Interference
  • Basintale Criticizes NPP’s Poor Strategy In Ablekuma North 
  • Police Assure Justice Over Violence in Ablekuma North Rerun Election
  • Erdogan Hails PKK’s Disarmament
The Vaultz News

Copyright © 2021 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2021 The Vaultz News. All rights reserved.