Strategic Mobilisation Ghana Ltd. (SML) is confident that the ordered audit into its contract with the Ghana Revenue Authority (GRA) and the Finance Ministry will vindicate the deal.

SML believes that the forthcoming report by KPMG, the firm tasked with conducting the audit, will demonstrate the integrity of the contract in safeguarding the state's revenue.

In a press statement issued on Wednesday, January 3, SML welcomed the audit directive and assured full compliance.

The statement emphasised the company's anticipation of the audit proving the legitimacy and efficacy of its dealings with the GRA and the Ministry of Finance.

“We welcome the directive and the decision to appoint KPMG to conduct an immediate audit of the contract.

"SML awaits the results of the audit, as it will help establish a clear and accurate picture of our operations. We remain resolute in upholding the highest business standards and welcome the scrutiny that this audit would bring.”

“We are confident that the findings will confirm the integrity of our collaboration with GRA and the Ministry of Finance and provide ample evidence of the value we provide citizens,” SML said.

The audit was ordered by President Akufo-Addo on Tuesday, January 2, with KPMG appointed to conduct the audit within a two-week timeframe.

• Read also: Akufo-Addo orders audit into GRA/SML contract

Specific terms of reference for the audit were outlined in a press statement from the Presidency issued by Communications Director Eugene Arhin.

In December 2023, The Fourth Estate published an investigative piece implicating Strategic Mobilisation Ghana Ltd. (SML), the Ghana Revenue Authority (GRA), and the Ministry of Finance.

The report accused GRA of awarding SML a 10-year contract, generating $100 million annually, and raised concerns about alleged underhand dealings.

Following the report, SML refuted claims of a 10-year contract, asserting that it was awarded a 5-year contract instead. Additionally, SML denied allegations of receiving $100 million annually from its contract.

On Wednesday, December 20, 2023, the Ghana Revenue Authority issued a statement affirming that its board and management had followed the correct processes in procuring the services of SML.

The situation continues to unfold, with conflicting statements from the involved parties. We will continue to monitor and report on further developments.