
Unchecked imports and the Middle East crisis threaten Ghana’s fragile food inflation anchor
6 mins read
23rd February 2024 8:08:40 AM
1 min readBy: Chris Kodo

KPMG is scheduled to present its audit findings on the transaction involving the Ghana Revenue Authority (GRA) and Strategic Mobilisation Ghana Ltd (SML) to President Akufo-Addo on Friday, February 23.
Originally expected on Tuesday, January 16, the deadline was extended to accommodate a request from KPMG, as confirmed by the President.
A statement by Eugene Arhin, Director of Communications at the presidency, on Wednesday, January 24, stated, "KPMG is to submit its final report no later than Friday, 23rd February 2024."
The scrutiny intensified after an investigative report by the Fourth Estate in December 2023 implicated SML, the GRA, and the Ministry of Finance. The report alleged that the GRA had awarded SML a 10-year contract worth $100 million annually, raising suspicions of irregularities.
SML refuted claims of a decade-long contract, asserting instead that it had secured a 5-year agreement. The GRA, in a statement released on December 20, 2023, maintained that proper procedures were followed in engaging SML's services.
However, on January 2, 2024, President Nana Addo Dankwa Akufo-Addo directed SML to halt its ongoing revenue assurance operations and mandated an immediate audit of the contract with GRA and the Ministry of Finance, assigning KPMG to the task.
In response, SML expressed confidence that the audit outcome would provide clarity and accuracy regarding its operations.
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