GRA-SML deal: Akufo-Addo extends deadline for KPMG’s audit, denies GRA’s request

President Akufo-Addo

President Akufo-Addo has extended the period for the audit firm, KPMG to complete its audit on the Ghana Revenue Authority and Strategic Mobilisation Ghana Limited (SML) deal.

The President had initially tasked KPMG to audit the transaction within one week which was supposed to end on January 16, 2024 but has extended it further to February 23, 2024.

This was contained in statement issued on January 24 and signed by the Director of Communications at the Office of the President, Eugene Arhin.

“The President of the Republic, Nana Addo Dankwa Akufo-Addo, has extended the period within which KPMG is to complete its audit on the transaction between the Ghana Revenue Authority (GRA) and Strategic Mobilisation Ghana Ltd (SML), from the initial date of Tuesday, 16th January 2024, to a new date of Friday, 23rd February 2024.

This follows a request made by KPMG to the President requesting for an extension of the two-week period originally given the company to undertake the assignment. KPMG is to submit its final report no later than Friday, 23rd February 2024,” parts of the statement read.

‘Suspension of SML deal will lead to losses’ – GRA on why Akufo-Addo should allow contract to run

Earlier this week, GRA appealed to the President to allow the SML monitoring system to run until investigation into the deal is concluded.

However, the statement noted that the President denied GRA’s request, ordering the continuation of the suspension of the transaction.

GRA letter to Akufo-Addo on SML deal intriguing and unusual – Senanu

“The President has denied GRA’s request, and has directed that the status quo, with respect to the suspension of the performance of the contract, should remain in effect until the completion of the audit and, subsequent, submission of the audit report by KPMG,” Mr Arhin wrote.