Akufo-Addo yet to release KPMG audit report on GRA/SML deal a month after deadline

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KPMG was set to unveil its audit findings on the transaction involving the Ghana Revenue Authority (GRA) and Strategic Mobilization Ghana Ltd. (SML) to President Akufo-Addo today, Friday, February 23.

Originally due on Tuesday, January 16, the deadline was extended to accommodate KPMG’s request, as confirmed by the President’s office.

A statement released on Wednesday, January 24, by Eugene Arhin, the Director of Communications at the presidency, specified that “KPMG is to submit its final report no later than Friday, 23rd February 2024.”

The scrutiny surrounding the transaction escalated following an investigative piece by the Fourth Estate in December 2023, implicating SML, the GRA, and the Ministry of Finance.

The report raised concerns about a purported 10-year contract worth $100 million annually awarded by the GRA to SML, hinting at potential irregularities.

In response, SML denied the decade-long contract, asserting that it had secured a 5-year agreement instead.

On December 20, 2023, the GRA issued a statement affirming that they had followed proper procedures in engaging SML’s services.

However, on January 2, 2024, President Nana Addo Dankwa Akufo-Addo directed SML to suspend its ongoing revenue assurance operations and ordered an immediate audit of the contract with GRA and the Ministry of Finance, assigning KPMG the responsibility.

In light of these developments, SML expressed optimism that the audit results would bring clarity and accuracy regarding its operations.

It is however more than a month, the President has yet to make the findings public.




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