KPMG report: GRA paid SML GH¢1.4bn from 2018 to 2023
The full report by audit firm, KPMG on the contract between the Strategic Mobilisation Limited (SML) and the Ghana Revenue Authority (GRA) released by President Akufo-Addo on Wednesday, May 22 has disclosed that GRA paid SML a gross amount of GH¢1,400,202, 403.56 from 2018 to 2023. The report confirmed the GH¢1,061,054,778.00 net amount paid to […]
Lending to govt without parliamentary approval impedes capital market growth – Kofi Amable
Finance Lawyer Jonathan Sitsofe Kofi Amable has expressed concern over the absence of parliamentary approval for government borrowing through the issuance of domestic debt securities. He asserts that lending to the government through the issuance of treasury bills, bonds, and other domestic debt instruments issued to the Bank of Ghana without parliamentary approval of the […]
Ghana risks financial obligations if it terminates SML deal – KPMG report
Audit firm KPMG says the revenue mobilization transaction between the Ghana Revenue Authority (GRA) and Strategic Mobilisation Ghana Ltd (SML) can be terminated by either party. However, the firm, in its full report on the contract, states that the termination could trigger financial implications for the Government of Ghana (GoG) and the GRA. “Upon termination, […]