Akufo-Addo receives KPMG’s audit report on GRA/SML transaction

President Akufo-Addo is expected to make public his decision on the matter soon after studying the KPMG audit report

President Akufo-Addo has received the audit report by KPMG on the transactions between the Ghana Revenue Authority (GRA) and Strategic Mobilisation Ghana Ltd (SML).

The president in January appointed KPMG to conduct an immediate audit of the transaction between GRA and SML after a documentary by the Fourth Estate showed how SML is raking in billions from the state for allegedly no work done.

The contract was entered into by the Ministry of Finance to enhance revenue assurance in the downstream petroleum sector, the upstream petroleum production, and the minerals and metals resources value chain.

A statement issued by the director of communication at the Office of the President, Eugene Arhin on Wednesday (2 April), said President Akufo-Addo will soon make his decision on the matter public after studying the report.

“The President of the Republic, Nana Addo Dankwa Akufo-Addo, on Wednesday, 27 March 2024, received from KPMG its report on the audit conducted, at the behest of the president, on the transactions between the Ghana Revenue Authority (GRA) and Strategic Mobilisation Ghana Ltd (SML),” the statement said.

“President Akufo-Addo is studying the findings of the audit report, and will, in due course, make his decisions known to the Ghanaian people.”

“It will be recalled that on 2 January 2024, the president appointed KPMG to audit the contracts entered into between GRA and SML, and subsequently directed the Ministry of Finance and GRA to suspend the performance of the contracts, pending the submission of the audit report, including any payments presently envisaged under their terms,” it added.

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