{"id":143885,"date":"2024-01-26T14:27:15","date_gmt":"2024-01-26T14:27:15","guid":{"rendered":"https:\/\/www.ghanamma.com\/2024\/01\/26\/nana-grants-kpmgs-sml-audit-extension\/"},"modified":"2024-01-26T14:27:15","modified_gmt":"2024-01-26T14:27:15","slug":"nana-grants-kpmgs-sml-audit-extension","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2024\/01\/26\/nana-grants-kpmgs-sml-audit-extension\/","title":{"rendered":"Nana Grants KPMG&#8217;s SML Audit Extension"},"content":{"rendered":"<p><\/p>\n<div>\n<p>\u00a0<\/p>\n<p>President Nana Akufo-Addo has granted KPMG\u2019s request for an audit extension on the transaction involving the Ghana Revenue Authority (GRA) and Strategic Mobilisation Ghana Limited (SML).<\/p>\n<p>The audit and tax services firm was initially given up to Tuesday, January 16, 2024, to complete its enquiry into the GRA and SML\u2019s deal, but it now has up to Friday, February 23, 2024 to submit its report to the presidency.<\/p>\n<p>Director of Communications at the Presidency, Eugene Arhin, indicated in a statement that this followed a request made by KPMG to President Akufo-Addo, asking for an extension of the two-week period originally given the company to undertake the assignment.<\/p>\n<p>The President directed an immediate audit of SML and GRA\u2019s five-year contract, signed in 2019, for SML to provide revenue assurance services.<\/p>\n<p>The contract aims to improve revenue assurance in the downstream petroleum sector, upstream petroleum production, and the mineral and metals resource value chain.<\/p>\n<p>But recently, the agreement has generated a lot of public criticism, particularly from the Minority in Parliament.<\/p>\n<p>Following controversies and allegations that emerged from the contract, President Akufo-Addo asked KPMG to conduct an audit into the transactions.<\/p>\n<p>The statement also stated that President Akufo-Addo had taken note of GRA\u2019s request for authorization to continue the monitoring system installed and used by SML, despite the suspension of its GRA-related operations.<\/p>\n<p>\u201cThe President has denied GRA\u2019s request, and has directed that the status quo, with respect to 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,\u201d the statement noted.<\/p>\n<p><strong>By Ernest Kofi Adu<\/strong><\/p>\n<p><!-- AI CONTENT END 2 -->\n\t<\/div>\n","protected":false},"excerpt":{"rendered":"<p>\u00a0 President Nana Akufo-Addo has granted KPMG\u2019s request for an audit extension on the transaction involving the Ghana Revenue Authority (GRA) and Strategic Mobilisation Ghana Limited (SML). The audit and tax services firm was initially given up to Tuesday, January 16, 2024, to complete its enquiry into the GRA and SML\u2019s deal, but it now [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":124315,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-143885","post","type-post","status-publish","format-standard","has-post-thumbnail","category-local-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Nana Grants KPMG&#039;s SML Audit Extension - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2024\/01\/26\/nana-grants-kpmgs-sml-audit-extension\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nana Grants KPMG&#039;s SML Audit Extension - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"\u00a0 President Nana Akufo-Addo has granted KPMG\u2019s request for an audit extension on the transaction involving the Ghana Revenue Authority (GRA) and Strategic Mobilisation Ghana Limited (SML). 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