KPMGs report on GRA and SML deal, government white paper on report and matters arising [Video]

Background

The Ghana Revenue Authority (GRA), we understand, contracted SML to monitor petroleum liftings and assure that volumes lifted declared for tax purposes by Oil Marketing Companies (OMCs) are complete and accurate. An investigative report by the 4th Estate noted that the services provided by SML to GRA did not result in an increment in petroleum volumes and by extension increase in related tax revenue.

Similarly, some Civil Society Organisations (CSOs) including the African Center for Energy Policy (ACEP) and IMANI also performed some analysis using petroleum volumes lifting data from the National Petroleum Authority (NPA) and GRA/ESLA and concluded that SML’s services only resulted in marginal changes. On the other hand, Metro TV programme (Good Evening Ghana) provided analysis covering some pre and post-SML work and concluded that SML on monthly basis had closed the under declaration of liftings by 100 million litres. SML put out a release stating that …