The Minority caucus in Parliament is urging the immediate suspension of a 10-year contract between the Finance Ministry and Strategic Mobilisation Ghana Limited (SML) for revenue assurance services.

Ranking Member on the Mines and Energy Committee of Parliament, John Jinapor, characterized the contract as a "rip-off" and a "burden on taxpayers" designed to enrich "greedy politicians."

He has called for its suspension until a probe by the minority caucus can investigate potential mismanagement.

“We do not believe that there is value for money, this contract is a rip-off, this contract only ends up filling the pockets of greedy politicians and individuals.

“We cannot allow the taxpayer to be burdened with such unnecessary contracts that only go a long way to fill the pockets of individuals, so we would advise, that immediately that contract should be suspended pending a parliamentary investigation. When we go into it and find out that all those allegations are true, we will ensure that this contract is abrogated.”

Mr. Jinapor also expressed concerns about a possible delay in negotiations with the International Monetary Fund (IMF) due to Ghana's failure to service its external debts.

There are reports indicating that the IMF board meeting to consider the second tranche of a crucial $3 billion credit facility has been postponed until January 11, 2024. Jinapor cautioned that this delay could seriously jeopardize the hard-won economic gains that the government has achieved.