SML counters The Fourth Estate’s allegations of 10-year contract and $100 million annual payments with KPMG report

Strategic Mobilisation Ghana Limited (SML) has moved to address allegations made against it, following the release of an audit assurance report by KPMG that confirmed the company has not received a $100 million payment from the Government.

The Fourth Estate had previously alleged that SML’s contract with the government spanned a decade, with the company purportedly receiving annual payments of $100 million. However, SML has categorically refuted these claims, pointing to the KPMG report as vindication of its position.

In a press statement issued on Thursday, April 25, SML reaffirmed its commitment to Ghana’s development, underscoring its dedication to maintaining ethically acceptable standards and the quality of its work.

Responding to President Akufo-Addo’s recent directive for the Ghana Revenue Authority (GRA) and the Ministry of Finance to scrutinize aspects of their revenue assurance contract with SML, the company outlined its stance in a subsequent press release.

SML emphasized its unwavering commitment to contributing to a prosperous Ghana for all citizens and reiterated its dedication to upholding ethical practices and high operational standards.

Furthermore, SML has indicated that it has engaged its legal team to address other professional misjudgments identified in the KPMG report.

Addressing concerns over potential duplication of work by the National Petroleum Authority (NPA), SML clarified that it does not partake in such practices.

The developments signal SML’s proactive approach to defending its reputation and ensuring transparency amidst public and governmental scrutiny. The company continues to stress its commitment to ethical practices and operational excellence as it navigates these challenges.

Source: Norvanreports