Ghana News & Trends

GRA/SML Audit: President Akufo-Addo approves KPMG’s request for an audit extension

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The deadline for KPMG’s audit of the contract between Strategic Mobilization Ghana Ltd (SML) and the Ghana Revenue Authority (GRA) has been rescheduled from Tuesday, January 16, 2024, to Friday, February 23, 2024.

In response to a request from KPMG, the extension was given. Eugene Arhin, the Director of Communications at the Presidency, provided this information in a statement.

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 weeks originally given to the company to undertake the assignment.

KPMG is to submit its final report no later than Friday, 23rd February 2024.

President Akufo-Addo has also taken note of the request made by GRA, asking for his permission to allow the monitoring system installed and used by SML to continue, notwithstanding the suspension of its GRA-related operations.

The President has denied GRA’s request and has directed that the status quo, concerning 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.

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