Audio By Carbonatix
Honorary Vice President of IMANI Africa, Bright Simons, has stated that the services of the Strategic Mobilisation Limited (SML) were unnecessary
According to him, the Ghana Revenue Authority (GRA) and SML contract required the latter to, among other things, verify if the prices of goods importers presented to the Revenue Authority were the exact cost on the market.
This was expected to help the GRA determine how much taxes should be charged on the goods and help in revenue mobilisation.
However, he said the KPMG report revealed that the country paid an amount of $15 million to $16 million for the service which could have been gotten at a cheaper rate on the open market.
Speaking on JoyNews' Newsfile on May 25, he explained that the service was completely unnecessary.
“In the KPMG report, we learned that some of the services that SML provided particularly, the ones to do with trying to prevent importers from lying about the prices of the goods that they buy which will affect the duty and trying to prevent GRA officers from lying about the right duty they should impose, those services were being charged  at an astronomical cost.
“We ended up paying over $15 million, nearly $16 million. When in fact you have alternatives on the open market which could have cost us barely $20,000. We ended up paying nearly $16 million for this company to apparently help us to prevent importers from lying about the prices of the goods they bought overseas to sell in this country, when we could just subscribe to commercial data bases and paid less than $20,000 or less for the same information,” he said.
Bright Simons added that several other procedures adopted by SML were unnecessary and yielded no results.
Watch video for breakdown:
Latest Stories
-
Restaurant impersonation scams cost victims nearly GH¢300,000 in six months – CSA
8 minutes -
GTEC directs universities to stop using entrance exams as precondition for admission
10 minutes -
Assemblies urged to lead climate action in Upper West as EPA inspects mitigation sites
17 minutes -
CSA warns of rising restaurant impersonation scams as cybercrime losses surge
21 minutes -
Ultimate Charismatic Centre celebrates 25 years of God’s faithfulness with ‘Ebenezer’ Anniversary
23 minutes -
Water no get enemy: Why Kanta didn’t flood this year
28 minutes -
Arokodare forces Wolves training to be cancelled
29 minutes -
Beyond breaking news: Why context is essential to public understanding
30 minutes -
GHIB CEO hails GEXIM partnership as catalyst for export growth and job creation
33 minutes -
Biometric verification of Ghana Card now mandatory under new regulations – Interior Minister
33 minutes -
Majority rejects claims on fiscal surplus, cites IMF backing for gov’t economic performance
33 minutes -
SEC warns against 23 unlicensed online investment firms
34 minutes -
Africa’s infrastructure opportunity depends on closing the execution gap
44 minutes -
Kwabena Adaakwa earns global recognition for brand management excellence
44 minutes -
Access Bank urges youth-owned SMEs to embrace AI or risk being left behind
47 minutes