Strategic Mobilisation Ghana Limited (SML) has refuted claims by the Office of the Special Prosecutor (OSP) following investigations into its contract with the Ghana Revenue Authority (GRA), calling for evidence-based verification and not assumptions.
According to the company, it will present all relevant documents before the appropriate authorities, stressing its operations have been undertaken in line with the rule of law and within the limits of the contract.
“We remain proud of the work done, the controls that governed it, and the measurable value created for Ghana,” said the company’s lead counsel.
“The rule of law is our compass. Fairness, transparency, and evidence must guide the national conversation,” added the Chief Executive Officer.
This follows the OSP’s briefing on October 30, 2025, which raised issues over its ownership, scope of service, performance and verification, payment system and the subsequent directive by President John Mahama to the Finance Minister, Dr. Cassiel Ato Forson, for the contract to be terminated.
Despite the contract termination directive, SML Ghana reaffirmed its full cooperation with all lawful review processes, and urged that the national dialogue be guided by verified facts, context, and due process.
The company disclosed that assertions suggesting political or public office ownership of SML are inconsistent with official corporate records.
“SML is a wholly Ghanaian-owned private company duly incorporated under the laws of the Republic of Ghana. Its directors, shareholders, and beneficial owners are publicly registered with the Registrar of Companies. No current or former public official owns, controls, or patronises SML,” it said.
It further noted that its contract objectives with the GRA are clear, indicating that SML has efficiently performed on its Transaction Audit and External Price Verification, and the Downstream Petroleum Audit contracts under continuous GRA supervision.
It further clarified that all payments made to the company were tied to verified deliverables and measurable outputs, explaining that oversight mechanisms included technical validation, data and report reconciliation, and documentary confirmation were done before any payment was made.
GH¢125 million recovery claim
SML described the purported GH¢125 million recovery claim by the OSP as misleading, indicating that the state rather owes SML, pointing to official statements on verified performance data and financial reconciliations available directly from the GRA.
“SML’s revenue assurance audit systems were developed entirely at its own cost and risk, without any financial support from the state. To date, our systems remain the first-of-its-kind, fully integrated, multi-site digital audit and assurance system in the world,” it stated.
It said the integrated audit system in the downstream petroleum operational chain has generated approximately GH¢20 billion in verified revenue for the country, as corroborated by the respective Bank of Ghana Petroleum Collection Holding Account.
The system, it added, has also led to a 92 percent increase in taxable volumes, while SML’s Transaction Audit Service has further contributed to a 33 percent rise in import clearance revenue collection across the monitored sectors.
“Under this model, payments are based on verified performance and formula-driven allocation, not on vendor-generated invoices. Isolating SML for receiving remittances without the OSP recognising the system-wide framework is both inaccurate and misleading,” it stated, adding that SML’s work complements rather than duplicates existing state functions.
SML also categorically rejected the OSP’s insinuation of subterfuge and clarified the change of the company’s name, indicating it was a legitimate corporate decision undertaken solely for branding clarity and market simplicity.
A Daily Guide Report