Close Menu
  • Home
  • News
  • Business
  • Politics
  • Education
  • Sports
  • Entertainment
  • World
  • Africa
  • About/Team
  • More
    • InfoGraphics
    • Crime & Punishment
    • Tech
    • Health
    • Luxury
    • Finance
    • Law & Government
    • Religion
    • Environment
    • Media & Culture
    • Feature and Opinion
    • Home Decor
    • Fitness
    • Film & Drama
    • Ent & Arts
    • Investigative and Data insight
    • Documentary/Editorial Comments
    • Trending Stories
    • Documentary( Videos)
    • Commentary/Editorial Comments
Trending
  • Peacekeepers Under Fire: Ghana Demands Answers After Missile Strike Injures Troops in Lebanon
  • Demolition Exercise Begins in Dzodze Ahead of Government’s ‘Big Push’ Road Dualisation: Compensation Paid, Questions Linger
  • 3 Million Ghanaians, No Clear Plan: How the Diagnostic Gap Is Leaving Children with Rare Diseases to Die Early
  • High Court Sentences Richard Appiah to Life Imprisonment Over 2021 Abesim Killings
  • DETENTION, DEPORTATION, AND DIPLOMACY: Inside Ken Ofori-Atta’s US Immigration Battle and Ghana’s Extradition Push
  • GHS 85 Million at Risk: Inside the Aflao Transit Diversion Scandal and Ghana’s Customs Control Crisis
  • 1,000 Recruits, 316 Dead: Inside the Shadow Network Sending Africans to Fight in Russian Ukraine War
  • From Raw to Refined: How Ghana Plans to Unlock US$12 Billion Annually from Cashew, Shea, Oil Palm, Rubber, Coconut and Mango
Facebook X (Twitter) Instagram
Ghanaian WatchGhanaian Watch
  • Home
  • News
  • Business
  • Politics
  • Education
  • Sports
  • Entertainment
  • World
  • Africa
  • About/Team
  • More
    • InfoGraphics
    • Crime & Punishment
    • Tech
    • Health
    • Luxury
    • Finance
    • Law & Government
    • Religion
    • Environment
    • Media & Culture
    • Feature and Opinion
    • Home Decor
    • Fitness
    • Film & Drama
    • Ent & Arts
    • Investigative and Data insight
    • Documentary/Editorial Comments
    • Trending Stories
    • Documentary( Videos)
    • Commentary/Editorial Comments
Ghanaian WatchGhanaian Watch
Home » Taxing Revelations: KPMG Report Exposes GH¢13.38m VAT Gap at SML
Crime & Punishment

Taxing Revelations: KPMG Report Exposes GH¢13.38m VAT Gap at SML

adminBy adminMay 24, 2024

Strategic Mobilization Ghana Limited
Highlighted KPMG’s examination, as directed by President Nana Addo Dankwa Akufo-Addo, into the agreement between the Ghana Revenue Authority (GRA) and Strategic Mobilization Ghana Limited (SML), reveals SML’s omission of GH¢13.38 million in VAT payments.

KPMG’s assessment shows that between September 1, 2020, and April 30, 2021, GRA did not deduct Value Added Tax (VAT) from payments made to SML for eight months, resulting in a total of GH¢13.38 million.

“The GRA’s usual practice of deducting these taxes for payments to SML between June 1, 2020, and August 31, 2023, was not followed,” the report states.

Furthermore, the report notes the company’s name change from Strategic Mobilization Enhancement Limited (SMEL) to SML after the Public Procurement Authority (PPA) rejected the single-source procurement method three times in 2017.

The PPA’s refusal was due to the company’s lack of capability or prior experience in providing services aimed at combating under-declaration, dilution, and diversion of petroleum products—factors contributing to revenue losses in the downstream petroleum sector.

The report reveals that SMEL, established on February 14, 2017, altered its name to SML on November 22, 2017. “SMEL was incorporated on February 14, 2017. GRA made three (3) unsuccessful attempts between June 16 and September 14, 2017, to single-source SMEL for transaction audit services. On November 22, 2017, SMEL changed its name to SML,” page 11 of the KPMG report highlights.

Page 14 of the report notes that in 2018, the Ghana Revenue Authority proceeded to engage SML in contracts without PPA approval.

Subcontractor
On June 1, 2018, SML was designated as a subcontractor to West Blue Ghana Limited, then a GRA service provider, to provide transaction audit services for seven months.

“On January 1, 2019, GRA extended the transaction audit services agreement with SML without PPA approval, renewable monthly, after the expiration of West Blue’s contract and SML’s subcontract agreement on December 31, 2018,” it adds.

As per the KPMG report, the Ghana Revenue Authority entered into six service agreements with SML, employing the single-source method without PPA approval. President Akufo-Addo suspended the contracts following The Fourth Estate investigation and tasked KPMG with conducting an audit and submitting a report.

The agreement between GRA and SML aimed to improve revenue assurance in the downstream petroleum sector, upstream petroleum production, and the minerals and metals resources value chain.

The revenue, in a statement issued on Wednesday, December 20, 2023, affirmed that its board and management adhered to the proper procedures in procuring SML’s services.

On December 23, 2023, the Finance Committee of Parliament recommended suspending all payments under the government’s contract with SML from 2024 pending a parliamentary investigation into the contract.

The committee determined that upon reviewing the contract, it necessitates parliamentary approval under the Financial Management Act, prompting the need to inform GRA about the statutory requirement.

GH¢13.38m KPMG SML Tax VAT
Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email WhatsApp Copy Link

Related Posts

Demolition Exercise Begins in Dzodze Ahead of Government’s ‘Big Push’ Road Dualisation: Compensation Paid, Questions Linger

March 2, 2026

High Court Sentences Richard Appiah to Life Imprisonment Over 2021 Abesim Killings

February 25, 2026

DETENTION, DEPORTATION, AND DIPLOMACY: Inside Ken Ofori-Atta’s US Immigration Battle and Ghana’s Extradition Push

February 24, 2026
Leave A Reply Cancel Reply

Top Posts

Antoa Zongo Elders Petition Antoahene Over Selection of First-Ever Sarki Zongo

March 19, 2025337

Inspector Remanded Over Shooting That Led to Senior Officer’s Death

May 18, 2025249

48-Year-Old Prophetess, Former Parliamentary Candidate Remanded for Alleged Murder

July 15, 2025245

Antoa Tragedy: One Dead, Two Critically Injured in Motorbike-Truck Collision

March 19, 2025221
About Us

Ghanaianwatch.com is a leading investigative and development journalism news website that delivers high quality unique , innovative, and unconventional news that questions the established norms.

It is an autonomous news outlet established back in 2010 as Ghanaian Watch Newspaper and holds registration number nmc/C.I 39/10/1294.with the National Media Commission( NMC).

Facebook X (Twitter) Pinterest YouTube WhatsApp
Our Picks

Peacekeepers Under Fire: Ghana Demands Answers After Missile Strike Injures Troops in Lebanon

March 7, 2026

Demolition Exercise Begins in Dzodze Ahead of Government’s ‘Big Push’ Road Dualisation: Compensation Paid, Questions Linger

March 2, 2026

3 Million Ghanaians, No Clear Plan: How the Diagnostic Gap Is Leaving Children with Rare Diseases to Die Early

March 1, 2026
Most Popular

Antoa Zongo Elders Petition Antoahene Over Selection of First-Ever Sarki Zongo

March 19, 2025337

Inspector Remanded Over Shooting That Led to Senior Officer’s Death

May 18, 2025249

48-Year-Old Prophetess, Former Parliamentary Candidate Remanded for Alleged Murder

July 15, 2025245
Copyright © 2026 Ghanaian Watch. All Rights Reserved.

Type above and press Enter to search. Press Esc to cancel.

Ad Blocker Enabled!
Ad Blocker Enabled!
Our website is made possible by displaying online advertisements to our visitors. Please support us by disabling your Ad Blocker.