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in Extractives/Energy

SML Decries OSP’s Raid as “Unjustified and Disruptive,” Warns of Revenue Risks 

Prince Agyapongby Prince Agyapong
June 11, 2025
Reading Time: 5 mins read
Strategic Mobilisation Ghana Limited (SML)

Strategic Mobilisation Ghana Limited (SML)

Strategic Mobilisation Ghana Limited (SML) has strongly condemned what it describes as an unprovoked and unjustified raid conducted by the Office of the Special Prosecutor (OSP) on its offices in Osu and Tema.  

The operation, which took place on Tuesday, June 10, was supported by National Security operatives and resulted in property damage, detention of staff, and the seizure of vital equipment critical to the firm’s public sector revenue monitoring duties. 

In a press release issued today, SML described the actions as “an overwhelming forceful action” lacking prior notice, legal warrants, or formal communication, despite the company’s documented cooperation with authorities since March. 

“We have remained transparent and compliant with all requests made by the Office of the Special Prosecutor since March 13.

“It is therefore deeply disturbing that such a coordinated assault was executed without engagement or due process.” 

Strategic Mobilisation Ghana Limited (SML)

SML maintained that it has diligently cooperated with the OSP since March 2025, submitting requested documentation by March 27 in line with confidentiality and non-disclosure obligations.

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SML said in its statement, “The hand that helps should not be cut,” urging authorities to value its contribution to revenue mobilisation and innovation rather than undermine it.

In light of this cooperation, SML expressed surprise at the manner in which the operation was executed, emphasizing that it occurred without prior notice, formal engagement, or the presentation of a warrant. 

Operational and Financial Consequences 

Strategic Mobilisation Ghana Limited SML
Strategic Mobilisation Ghana Limited (SML)

According to SML, the raid caused extensive operational disruption, affecting its core service delivery to the Ghana Revenue Authority (GRA).  

The items seized include, “Servers and IT infrastructure, Gold analyzers (undeployed technical equipment), and Trade-sensitive documents and proprietary files.” 

SML also revealed that Four employees were detained (now on bail), and two were reportedly assaulted. 

These disruptions according to SML have led to the suspension of critical functions such as: “Real-time fuel movement monitoring, Automated fuel volume reconciliations, and the 24/7 surveillance at 26 petroleum depots.” 

According to SML, these systems have helped the GRA and National Petroleum Authority (NPA) reduce petroleum volume variances by 92% since 2020—equivalent to over GHS 20 billion in added state revenue.  

Strategic Mobilisation Ghana Limited SML 2
Strategic Mobilisation Ghana Limited (SML)

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SML warned that the current downtime could cost the state an estimated GHS 348 million monthly in uncollected taxes and delayed reconciliations. 

SML also expressed grave concern about the removal of its proprietary systems, developed through private investments. The absence of clear legal procedures during the raid raises fears of potential IP theft. 

“Our systems, which represent years of private R&D and investment, have been seized without accountability.

“We trust that due process will eventually prevail, but the damage could already be done.” 

Strategic Mobilisation Ghana Limited (SML)

SML Calls for Institutional Support 

SML GRA deal
SML-GRA deal

SML appealed directly to key government institutions, including the Ghana Revenue Authority and the Ministry of Finance, calling for immediate steps to mitigate the fallout. 

The company called on these bodies to: “collaborate effectively with security and intelligence agencies seeking information about SML’s operations; ensure the swift reinstatement of critical monitoring systems to avert further revenue losses; offer clear direction on resolving any outstanding administrative matters; and promote a fair, transparent approach that safeguards innovation and reinforces the role of private.” 

SML stressed that innovation and private-public partnerships are vital to Ghana’s economic transformation and should not be undermined by unilateral actions. 

The company’s management stressed that the attack on its systems has national consequences. “Without urgent corrective action, the sector is again open to revenue loss,” SML noted. 

SML reaffirmed its dedication to Ghana’s development agenda, expressing hope for a path forward through dialogue, transparency, and institutional cooperation. 

READ ALSO: Gov’t Tightens Grip on Rates, Sacrifices GH¢1bn in Bids as T-Bill Auction Misses Mark 

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Tags: Ghana energy sectorGRAOSPpetroleum monitoringSML Ghana
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