Strategic Mobilisation Ghana Limited (SML) has issued a response to allegations surrounding a purported 10-year contract with the Finance Ministry during Ken Ofori-Atta's tenure.

The company contested the claims made in "The Fourth Estate" documentary, asserting that it contains misrepresentations and false information.

In a press release from its Public Relations Unit on Tuesday, December 19, SML clarified that its contractual agreement with the Finance Ministry and the Ghana Revenue Authority (GRA) spans 5 years, contrary to the reported 10 years. Additionally, the company denied the assertion that it annually receives a substantial $100 million for its services.

“The documentary represents a set of misrepresentations, false claims, and a general lack of understanding of the entire operations of the company. We challenge Fourth Estate to produce any contract anywhere that is for a 10-year period.”

“The 5th PPA Board at its 46th Board meeting in a letter referenced PPA/CEO/09/2286/23 approved a contract duration of five (5) years.”

“Again, it’s NOT TRUE that SML takes $100 million annually from its contract. The contract, which is yet to be operationalized, per their projections leads them to that claim,” an excerpt of their statement said.

A Fourth Estate report has raised concerns about the legitimacy of a contract, indicating that Finance Minister Ken Ofori-Atta has expanded it, potentially costing the state $100 million over the next decade.

The contract assigns Strategic Mobilisation Ghana Limited (SML) the responsibility of monitoring and reporting fuel product diversion, dilution, and general noncompliance in the petroleum industry, tasks previously handled by the National Petroleum Authority (NPA).

In response to these revelations, the Minority in Parliament is urging a comprehensive parliamentary investigation into the government's contract with SML. The objective is to ensure the protection of billions of cedis that could be at risk in the downstream petroleum sector.

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