Monday, June 9, 2025

🕒 --:--:--
Follow Us

Home › GRA Denies SML Mandate Expansion Allegations

GRA Denies SML Mandate Expansion Allegations

May 14, 2025

gra-denies-sml-mandate-expansion-allegations

Accusations and counter-accusations have swirled around Strategic Mobilisation Ghana Ltd. (SML) in recent weeks, stirring public debate about the scope and nature of its revenue assurance contracts. Conflicting reports in the media have fueled concerns, prompting the Ghana Revenue Authority (GRA) to address the growing unease. At the heart of the matter is the question of whether SML’s mandate has been expanded beyond its original scope. The GRA, responsible for overseeing revenue collection, has officially stepped in to clarify the situation concerning SML and its role in revenue assurance.

The GRA has firmly denied that SML’s mandate has been expanded, specifically refuting claims that the company’s oversight now extends to Ghana’s upstream petroleum and solid minerals sectors. The Authority stated unequivocally that SML remains suspended from operating in these key sectors.

Understanding the Allegations

Reports in the Business and Financial Times and Graphic Online had suggested that SML was poised to expand its operations, a move that triggered immediate concern given the ongoing scrutiny of the company’s existing contracts. While it is unclear how SML allegedly justified this expansion, the perception of a broader mandate raised questions about transparency and the potential impact on other industry players.

The controversy stems from existing public debate around the value and transparency of the SML contract. Any perceived expansion of this mandate, especially into critical sectors like petroleum and solid minerals, naturally amplifies these concerns.

GRA’s Official Denial

In a press release issued on Wednesday, 14th May 2025, the GRA addressed the circulating reports directly. “The Ghana Revenue Authority (GRA) has noted with concern reports… claiming that Strategic Mobilisation Ghana Ltd. (SML) has unveiled an expansion of its revenue assurance oversight to cover Ghana’s upstream petroleum and solid minerals sectors,” the statement began.

The GRA emphasized that the suspension imposed on SML in April 2024 remains firmly in place. “GRA wishes to clarify that the Authority’s suspension of SML’s services in the upstream petroleum and mineral sectors pending further review issued in April 2024, remains in force,” the statement continued. The Authority further clarified that it has not authorized any resumption of activities by SML in the affected sectors. “GRA has not instructed SML to activate nor resume operations under the 2023 Consolidation of Revenue Assurance Services Contract covering those sectors.” The suspension specifically targets the upstream petroleum and solid minerals sectors, ensuring that SML cannot operate in these areas while the review is ongoing.

This timeline – the April 2024 suspension followed by the May 2025 denial of expanded operations – underscores the GRA’s consistent position on the matter.

Implications and Assurances

The GRA’s denial of SML’s mandate expansion carries significant implications for companies operating within the petroleum and solid minerals sectors. These companies had been navigating uncertainty, and this clarification provides a degree of reassurance. The impact may be felt in project timelines, revenue projections, and the overall reliance on revenue assurance services within these sectors.

The GRA also sought to reassure stakeholders of its commitment to ethical governance. “The Authority wishes to assure stakeholders in the aforementioned sectors and the general public of its unwavering commitment to protect the nation’s revenue with integrity and transparency,” the GRA stated. Further announcements regarding reviews or audits of SML’s contract are possible, with the GRA signaling its intention to maintain open communication.

The GRA’s firm stance sends a clear message to industry stakeholders and the public: the suspension of SML in the upstream petroleum and solid minerals sectors remains in effect. The denial of any mandate expansion reflects the Authority’s dedication to safeguarding national revenue with integrity and transparency.

Image Source: MYJOYONLINE

ghana-s-mining-sector-key-to-nation-s-progress-ceo-speaks-out
Ghana's Mining Sector Key to Nation's Pr...

May 26, 2025

tax-policy-hurts-mining-kenya-and-ivory-coast-win
Tax Policy Hurts Mining Kenya and Ivory ...

May 26, 2025

mining-sector-collapse-chamber-warns-on-new-taxes
Mining Sector Collapse? Chamber Warns on...

May 26, 2025

ghana-s-debt-soars-to-gh-769-4bn-by-march-2025
Ghana's Debt Soars To GH¢769.4bn By Marc...

May 26, 2025

cedi-surges-24-1-against-dollar-in-may-2025
Cedi Surges 24.1% Against Dollar in May ...

May 26, 2025

penny-s-end-us-treasury-confirms-decision
Penny's End US Treasury Confirms Decisio...

May 26, 2025

ralph-named-national-business-league-usa-ambassador
Ralph Named National Business League USA...

May 26, 2025

ghana-agribusiness-growth-fueled-by-inclusive-models
Ghana Agribusiness Growth Fueled by Incl...

May 26, 2025

kasapreko-ipo-coming-to-ghana-stock-exchange-2025
Kasapreko IPO Coming to Ghana Stock Exch...

May 26, 2025

Other News

Penny's End US Treasury Confirms Decision

May 26, 2025

Contractors Support National Apprenticeship Program - Strong...

May 25, 2025

Nissan Eyes Plant Sharing Deal With China

May 16, 2025

Sunday Times Rich List Billionaires Fall King Rises

May 16, 2025

T-bills Auction Target Missed Third Week Interest Rates Drop

May 18, 2025

Neoplan Bus Stop Squatters Eviction Fight – AMA Steps In

Cedi Surge? Iran Sanction Relief’s GH₵8 Dollar Impact

KSM on US Law & Order My Biggest Acting Role

Communication Empowerment – Keren Tetteh’s Life Transformations

Mahama’s 500 Cedis Joke Amid Gyamfi’s Dollar Gift

in case You Missed

high-school-debate-2025-zonal-contests-gain-momentum
High School Debate 2025 Zonal Contests G...

May 16, 2025

biden-on-cancer-s-impact-shared-support-and-personal-stories
Biden on Cancer's Impact Shared Support ...

May 19, 2025

cedi-gains-fail-to-cut-abossey-okai-spare-parts-prices
Cedi Gains Fail to Cut Abossey Okai Spar...

May 20, 2025

accra-mayor-plans-decongestion-with-street-hawkers-tuesday
Accra Mayor Plans Decongestion with Stre...

May 17, 2025