Amid mounting pressure from the opposition National Democratic Congress (NDC) and Civil Society Organisations (CSOs) to terminate the Ghana Revenue Authority-Strategic Mobilisation Limited (SML) deal, the Majority in Parliament has rallied to its defense, asserting that no wrongdoing has occurred.
Addressing journalists in Parliament, Majority Leader Alexander Afenyo-Markin cautioned against actions that could jeopardize indigenous Ghanaian businesses, warning against what he perceives as destructive posturing by the NDC and CSOs under the pretext of due diligence and transparency.
The Majority contends that the legal objections raised by the NDC and CSOs, particularly regarding parliamentary approval for the deal, lack merit.
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President Akufo-Addo recently directed the GRA and Ministry of Finance to renegotiate the revenue assurance contract with SML, following a recommendation by KPMG after an audit into the deal. The audit highlighted areas for improvement to enhance the contract’s effectiveness.
According to the audit findings, SML’s downstream petroleum audit services have resulted in significant benefits, including increased tax revenue of GHS 2.45 billion and 24/7 electronic real-time monitoring of petroleum product outflows.