{"id":65294,"date":"2024-01-24T17:34:37","date_gmt":"2024-01-24T17:34:37","guid":{"rendered":"https:\/\/www.africa-press.net\/ghana\/?p=65294"},"modified":"2024-01-24T16:28:16","modified_gmt":"2024-01-24T16:28:16","slug":"suspension-of-sml-deal-will-lead-to-losses-gra-on-why-akufo-addo-should-allow-contract-to-run","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/ghana\/all-news\/suspension-of-sml-deal-will-lead-to-losses-gra-on-why-akufo-addo-should-allow-contract-to-run","title":{"rendered":"\u2018Suspension of SML deal will lead to losses\u2019 \u2013 GRA on why Akufo-Addo should allow contract to run"},"content":{"rendered":"

Africa-Press – Ghana. <\/strong><\/span>The Ghana Revenue Authority (GRA) has appealed to President Nana Addo Dankwa Akufo-Addo to allow for the running of the Strategic Mobilisation Ghana Limited (SML-Ghana) system that has been installed to enhance revenue assurance for control purposes.<\/b><\/p>\n

President Akufo-Addo had ordered the suspension of the SML deal and further appointed accounting and auditing firm, KPMG to audit the contract.<\/p>\n

A press statement issued by the Director of Communications at the Presidency Eugene Arhin on Tuesday, January 2 said \u201cThe President has also tasked the Ministry of Finance and GRA to provide KPMG with whatever assistance they will require for the conduct of the audit.\u201d<\/p>\n

The Terms of Reference of the audit were: \u201ci. conduct an audit to ascertain the rationale or needs assessment performed prior to the contract approval by GRA, and assess how the arrangement aligns with specific needs; ii. assess the appropriateness of the contracting methodology, verifying compliance with legal standards and industry best practices in the procurement process for the selection of SML;<\/p>\n

iii. evaluate the degree of alignment between current activities and the stipulated contract scope, identifying any deviations; iv. evaluate the value or benefit that SML has so far offered to the GRA through this engagement; v. review the financial arrangements, including pricing structures, payment terms and resolution of any financial compliance issues; and vi. submit a report on your findings on the above, together with appropriate recommendations.\u201d<\/p>\n

\u201cThe President has directed the Ministry of Finance and GRA to provide KPMG with whatever assistance they will require for conduct of the audit, and has also directed the Ministry of Finance and the Ghana Revenue Authority to suspend the performance of the contract, pending the submission of the audit report, including any payments presently envisaged under its terms,\u201d the statement concluded.<\/p>\n

But according to the Commissioner General of the GRA, Rev. Dr. Amishaddai Owusu-Amoah, suspending the operation of the SML system installed would have ramifications and disruptions on operations.<\/p>\n

\u201cHaving carefully reviewed the concern and based on our own understanding of the contracts and the deliverable, we are of the opinion that the system that has been installed to enhance revenue assurance, for control purposes, and also to aid with the ongoing investigation could with your kindest permission be allowed to run,\u201d portions of GRA’s letter said.<\/p>\n

It added \u201cWe can confirm that the suspension, to all intent and purposes, will lead to revenue losses.\u201d<\/p>\n

For More News And Analysis About Ghana<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Ghana. The Ghana Revenue Authority (GRA) has appealed to President Nana Addo Dankwa Akufo-Addo to allow for the running of the Strategic Mobilisation Ghana Limited (SML-Ghana) system that has been installed to enhance revenue assurance for control purposes. President Akufo-Addo had ordered the suspension of the SML deal and further appointed accounting and […]<\/p>\n","protected":false},"author":84,"featured_media":65293,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[5092,5096,429],"class_list":["post-65294","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-ghana","tag-ghana"],"yoast_head":"\n\u2018Suspension of SML deal will lead to losses\u2019 \u2013 GRA on why Akufo-Addo should allow contract to run - Ghana<\/title>\n<meta name=\"description\" content=\"The Ghana Revenue Authority (GRA) has appealed to President Nana Addo Dankwa Akufo-Addo to allow for the running of t ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/ghana\/all-news\/suspension-of-sml-deal-will-lead-to-losses-gra-on-why-akufo-addo-should-allow-contract-to-run\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"\u2018Suspension of SML deal will lead to losses\u2019 \u2013 GRA on why Akufo-Addo should allow contract to run\" \/>\n<meta property=\"og:description\" content=\"The Ghana Revenue Authority (GRA) has appealed to President Nana Addo Dankwa Akufo-Addo to allow for the running of t ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/ghana\/all-news\/suspension-of-sml-deal-will-lead-to-losses-gra-on-why-akufo-addo-should-allow-contract-to-run\" \/>\n<meta property=\"og:site_name\" content=\"Ghana\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2024-01-24T17:34:37+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2024\/01\/sm_1706100798.483853.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/suspension-of-sml-deal-will-lead-to-losses-gra-on-why-akufo-addo-should-allow-contract-to-run#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/suspension-of-sml-deal-will-lead-to-losses-gra-on-why-akufo-addo-should-allow-contract-to-run\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"\u2018Suspension of SML deal will lead to losses\u2019 \u2013 GRA on why Akufo-Addo should allow contract to run\",\"datePublished\":\"2024-01-24T17:34:37+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/suspension-of-sml-deal-will-lead-to-losses-gra-on-why-akufo-addo-should-allow-contract-to-run\"},\"wordCount\":428,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/suspension-of-sml-deal-will-lead-to-losses-gra-on-why-akufo-addo-should-allow-contract-to-run#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2024\/01\/sm_1706100798.483853.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Ghana\",\"ghana\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/ghana\/all-news\/suspension-of-sml-deal-will-lead-to-losses-gra-on-why-akufo-addo-should-allow-contract-to-run#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/suspension-of-sml-deal-will-lead-to-losses-gra-on-why-akufo-addo-should-allow-contract-to-run\",\"url\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/suspension-of-sml-deal-will-lead-to-losses-gra-on-why-akufo-addo-should-allow-contract-to-run\",\"name\":\"\u2018Suspension of SML deal will lead to losses\u2019 \u2013 GRA on why Akufo-Addo should allow contract to run - 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