Audio By Carbonatix
The lawyer for Strategic Mobilization Ghana Limited (SML), Cephas Boyuo, has dismissed claims by the Office of the Special Prosecutor (OSP) regarding the company’s contract with the Government of Ghana, describing them as “misconceptions and misrepresentations.”
Addressing the press on November 6, Mr. Boyuo dismissed the assertion that the contract required parliamentary approval under Section 331 of the Public Financial Management Act.
“Another major misconception and misrepresentation by the OSP relates to the claim that the contract between SML and the Government of Ghana required parliamentary approval under Section 331 of the Public Financial Management Act. This claim is factually incorrect and inconsistent with national practice.
“Let me be clear on this: the GRA-SML contract did not create multi-year financial obligation; it didn’t. There was no debt exposure, no contingent liability—in fact, no contingent liability on government, absolutely none,” Mr. Boyuo said.
He added, “Now under the law, those are the only circumstances in which parliamentary approval is triggered. In fact, the opposite is true, and please capture it well for us, for the people of Ghana to understand.”
Mr. Boyuo also highlighted that SML fully funded the project from its own resources.
“SML funded 100 percent of the project from its own resources. Every tool, every meter, every server, every solar system, every ICT device, every installation was imported, installed, operated, and maintained at SML’s own cost,” he explained.
He emphasised the company’s significant financial contributions to the state, saying, “And more importantly, SML paid all import duties, VAT, levies, and statutory charges exceeding over 500 million Ghana cedis, and this excludes actual investment.
“So you want to rush and terminate; we are there, we will pay for all that. If that is what you want to do, you can go ahead.”
On the government’s involvement, Mr. Boyuo stressed, “Government did not pay a pesewa, government did not guarantee anything, government did not provide capital or assume any risk—in fact, government has zero exposure.”
Latest Stories
-
Ghana Water serves about 18.5 million people nationwide – MD
3 minutes -
Daily Insight for CEOs: Closing the gap between strategy and execution
19 minutes -
Mahama’s Feed the Industries policy to rejuvenate industry, drive real-sector growth and 24-hour economy
20 minutes -
Ghana Water MD admits ‘smart’ meters installed since 2017 still not fully activated
29 minutes -
Bongofari, others salute Ebo Taylor at tribute concert
30 minutes -
Africa Food Systems Forum: John Dumelo urges Ghanaian youth to embrace agriculture
30 minutes -
Africa World Airlines resumes Accra – Abidjan direct flights
32 minutes -
Ageing GWCL pipelines dating back to 1960s driving water losses – MD laments
33 minutes -
Africa Food Systems Forum: Dumelo calls for borderless Africa to boost agricultural trade
36 minutes -
First National Bank’s Investment Gift Cards out now to give Ghanaians a new way to gift a brighter future
39 minutes -
Is Free SHS really free? What new research found
41 minutes -
13 dead, 5 critically injured in fatal accident on Sege-Tema highway
42 minutes -
Ghana Water loses nearly half of daily supply to theft and leakages – Adam Mutawakilu
51 minutes -
Bus crash on Egypt’s Red Sea coast kills 16
58 minutes -
Ahmed Ibrahim describes ministerial reassignment as ‘divine intervention’
1 hour