Senyo Hosi is a finance and economic policy analyst
Finance and economic policy analyst Senyo Hosi has revealed that he was part of the team that edited former Finance Minister Ken Ofori-Atta’s speech at the launch of the controversial Ghana Revenue Authority (GRA)–Strategic Mobilisation Ghana Limited (SML) revenue assurance deal.
Speaking on a panel discussion on Channel One TV on November 1, 2025, Hosi disclosed that he contributed to preparing the minister’s speech during the initial rollout of the GRA–SML agreement.
“Another interesting fact; I was part of the team that edited Ken Ofori-Atta’s speech for the launch of SML,” he shared.
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When asked whether his involvement made him complicit in the controversial transaction, Hosi clarified that he played only a limited role and was sharing the information in the interest of transparency.
“I’m not complicit. I just have to put out the facts so you can contextualise my place in this conversation,” he explained.
The GRA-SML contract, signed under the Ministry of Finance, was intended to enhance revenue monitoring in the downstream petroleum sector. However, it has since come under heavy scrutiny for alleged procurement breaches, inflated payments, and conflict-of-interest issues.
Hosi, who has experience in auditing and policy advocacy within the petroleum industry, said his team had previously produced a report showing how Ghana was losing significant revenue due to unaccounted petroleum volumes and weak validation systems.
He explained that the data repository managed by the National Petroleum Authority (NPA) could have easily been used to verify actual transactions and detect discrepancies in tax collection.
“If the NPA is able to pay against a certain volume, then GRA should be collecting revenue based on the same volume. It’s a simple calculation,” he noted.
His revelations come just days after the Office of the Special Prosecutor (OSP) announced plans to file criminal charges against former Finance Minister Ken Ofori-Atta and five others by the end of November 2025 over their roles in the GRA–SML contracts.
According to Special Prosecutor Kissi Agyebeng, months of investigations uncovered acts of corruption, abuse of office, and serious breaches of procurement laws in the awarding and execution of the revenue assurance agreements.
“There was no genuine need for contracting SML for the work it purported to perform,” the OSP said in an October 30, 2025 press briefing.
Others expected to face prosecution include Dr Ammishaddai Owusu-Amoah, former Commissioner-General of GRA; Emmanuel Kofi Nti, former Commissioner-General of GRA; Isaac Crentsil and Kwadwo Damoa, GRA officials; and Ernest Akore, former Technical Advisor at the Ministry of Finance.
The OSP also announced that it would recover GH¢125 million from SML as part of efforts to reclaim funds deemed to have been unjustly obtained.
“The OSP will recover a total amount of GH¢125 million from SML by way of disgorgement of unjust enrichment and overpayment,” Agyebeng stated.
Ken Ofori-Atta, who served as Finance Minister from 2017 until early 2024, has been at the centre of multiple corruption-related probes. He was declared a fugitive by the OSP in February 2025 after repeatedly failing to respond to summonses.
Watch the interview below
“I edited Ofori-Atta’s speech at the launch of the GRA–SML deal” — Senyo Hosi reveals.
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