• About
  • Advertise
  • Privacy Policy
  • Contact
Sunday, June 1, 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
Home News General News

Unraveling The SML/GRA Scandal: A Delayed Audit Or Political Maneuvering?

January 3, 2024
in General News
Reading Time: 4 mins read
0

The government’s commitment to fighting corruption still appears feeble, marked by inadequate measures and limited transparency. Despite assurances, critical anti-corruption reforms remain stagnant, fostering a perception of insincerity.

Instances of impunity, lack of robust investigative actions, and insufficient accountability mechanisms contribute to doubts about the government’s genuine dedication to eradicating corruption within its ranks. This perceived low commitment undermines public trust and hampers progress toward a more accountable and transparent governance system.

In the aftermath of the Strategic Mobilization Ghana Ltd (SML)/Ghana Revenue Authority (GRA) scandal, President Nana Addo Dankwa Akufo-Addo’s directive to suspend the revenue assurance contract and appoint KPMG for an immediate audit has ignited a political firestorm.

RelatedPosts

MP Says Wontumi’s Arrest Long Overdue

GCAA Extends Operating Hours at Kumasi, Tamale Airports

Police Arrests Two Suspects In Murder Case

The Minority Leader, Dr. Ato Forson, has criticized the President’s move, deeming it a belated attempt at whitewashing the controversy.

Forson contended that the President’s intervention came too late and questioned the sincerity of the audit directive. In a scathing statement, he asserted that the President should have taken a proactive stance in the wake of the scandal rather than appearing to play catch-up with Parliament’s ongoing scrutiny.

According to Forson, Parliament had already directed its Finance Committee to conduct an audit, rendering the President’s move redundant and potentially aimed at diverting attention.

ato forson 1
Dr. Ato Forson

The Minority Leader accused Akufo-Addo of engaging in a “whitewashing attempt” through the audit, insinuating that it serves as a tactical move to dissuade Parliament from pursuing its investigation into the controversial agreement.

“The President, who should have led this fight in the wake of this scandal, is playing catch up since Parliament has also directed GRA to suspend all payments to SML.

“This whitewashing attempt by the President in the name of an audit will not dissuade Parliament from looking into this matter to stop the siphoning of state resources into the private pockets of government officials and their crony business partners.”

Dr. Ato Forson

He reemphasized that Parliament remains committed to scrutinizing the deal to prevent the alleged siphoning of state resources into the pockets of government officials and their associates.

President Akufo-Addo’s directive, issued on January 2, orders the suspension of the SML/GRA contract and entrusts KPMG with an expeditious audit. The audit firm is expected to complete its report within two weeks, providing recommendations to the President.

addo d 1
Nana Addo Dankwa Akufo-Addo

“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.”

Nana Addo Dankwa Akufo-Addo

The directive also instructs the Ministry of Finance and the GRA to suspend the contract’s performance until the audit report is submitted.

The controversy surrounding the SML/GRA deal began when investigative reports raised questions about the contract’s duration and financial terms. SML countered, asserting a 5-year contract and refuting the claimed $100 million annual payment. The GRA affirmed the legitimacy of the procurement process but faced increased scrutiny from Parliament’s Finance Committee.

The President’s intervention, while seemingly a decisive move, has been met with skepticism from the opposition, leading to a deeper political divide. The question lingers: is this a genuine commitment to transparency, or a strategic maneuver to control the narrative surrounding the scandal?

Ghanaians await answers to critical questions regarding the SML/GRA contract. The outcome will not only shape the narrative surrounding this scandal but also determine the level of public trust in the government’s commitment to accountability and good governance.

The political landscape remains tense, with the opposition keeping a watchful eye on the unfolding events, ready to challenge any perceived attempt to manipulate the truth, particularly in an election year.

READ ALSO: GBA President Urges Unity Ahead Of Elections, IEA Director Calls For Accountability

Tags: Akufo-AddoauditCorruptionGhana Revenue AuthorityKPMGMinority Leaderrevenue assuranceSML/GRA ScandalStrategic Mobilization Ghana Ltd
Share2Tweet1ShareSendSend
Previous Post

Russia Accused Of Deliberately Targeting Residential Settlements

Next Post

Fears Of Conflict Escalation Between Israel And Hezbollah Confirmed

Related Posts

Bawumia on Wontumi arrest

MP Says Wontumi’s Arrest Long Overdue

by Lilian Ahedor
June 1, 2025
0

The Member of Parliament for the South Dayi constituency, Rockson Dafeamekpor, has commented on the arrest of Ashanti Regional Chairman of the opposition New Patriotic Party (NPP), Bernard Antwi-Boasiako, popularly known as Chairman Wontumi.  According to...

GCAA Head Office, Airport, Operational

GCAA Extends Operating Hours at Kumasi, Tamale Airports

by Silas Kafui Assem
June 1, 2025
0

The Ghana Civil Aviation Authority (GCAA), in partnership with the Ghana Airports Company Limited (GACL), has announced an extension of operational hours at both the Prempeh I International Airport in Kumasi and the Tamale International Airport....

Ghana Police cracks down on dangerous drugs

Police Arrests Two Suspects In Murder Case

by Lilian Ahedor
June 1, 2025
0

The Tema Harbour community has been rocked by a disturbing murder case, as police at the Tema Regional Command has confirmed the arrest of two suspects in connection with the discovery of a decapitated male body...

Professor Stephen Kwaku Asare, CDD-Ghana Fellow and Legal Scholar

CDD-Ghana Fellow Questions Relevance of New Fiscal Council

by Evans Junior Owu
June 1, 2025
0

Professor Stephen Kwaku Asare, a legal scholar, has raised fundamental questions about the necessity and efficacy of the newly established Fiscal Council, birthed under the Public Financial Management (PFM) Amendment Act, 2025.  The Democracy and Development...

HE President John Dramani Mahama

Mahama Reaffirms Commitment to Ahafo Region, Outlines Bold Development Agenda

by Evans Junior Owu
June 1, 2025
0

President John Dramani Mahama has reaffirmed his commitment to delivering inclusive development, rebuilding public trust, and transforming the Ahafo region into a beacon of prosperity at Goaso during his “Thank You” tour of the region.  Speaking...

Please login to join discussion

Recent News

  • The Article 14 Puzzle: Law Violation or Legal Technicality? – Explainer
  • MP Says Wontumi’s Arrest Long Overdue
  • Gabon To Halt Manganese Exports By 2029
  • UK Army Expansion Plans Delayed Until Post-Election
  • GCAA Extends Operating Hours at Kumasi, Tamale Airports
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.