President John Dramani Mahama has officially terminated the government’s revenue assurance contracts with Strategic Mobilization Ghana Limited (SML),
President John Dramani Mahama has officially terminated the government’s revenue assurance contracts with Strategic Mobilization Ghana Limited (SML), following months of public scrutiny and investigative findings by the Office of the Special Prosecutor (OSP).
The OSP’s probe into the SML-Ghana Revenue Authority (GRA) agreements uncovered alleged procurement breaches, contractual overreach, and concerns over value for money.
Presenting his findings at a press conference in Accra on Thursday, October 30, Special Prosecutor Kissi Agyebeng disclosed that there was “no genuine need” for engaging SML for the services it claimed to provide.
He described the contracts as products of “self-serving official patronage, sponsorship, and promotion based on false and unverified claims.”
SML, however, has rejected the OSP’s conclusions, maintaining that its operations were legal, transparent, and beneficial to the state. In a statement issued on Friday, October 31, 2025, the company said it had fully cooperated with all lawful investigations and urged that discussions on the matter be guided by verified facts rather than speculation.
“We will present all relevant documents before the appropriate authorities. 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 company further stressed that it is wholly Ghanaian-owned and apolitical, explaining that its contracts with the GRA were structured on a “risk-and-reward” basis — with payments made only after independently verified performance results.
SML’s services reportedly included transaction audits, external price verification, and downstream petroleum measurement, all conducted under GRA supervision.
Mahama’s decision to terminate the deal builds on earlier actions by the GRA, which in May 2024 had already ended the Transaction Audit and External Verification Service (AEVS) contract and suspended other components — including the Upstream Petroleum and Minerals Revenue Audit — pending a comprehensive review.
At the time, the GRA also announced plans to revise the Measurement Audit for Downstream Petroleum Products contract by converting it into a fixed-fee structure and reassessing clauses on service delivery, termination, and intellectual property rights.