KPMG's audit of GRA/SML extended to Feb 24

KPMG's audit deadline of the Ghana Revenue Authority (GRA) and Strategic Mobilisation Ghana Ltd (SML) contract has been extended from the initial date of Tuesday, January 16, 2024, to a new date of Friday, February 23, 2024.

The extension followed a request by KPMG.

A statement issued by Eugene Arhin, the Director of Communications at the Presidency made this known.

Attached below is a copy of the statement

PRESIDENT AKUFO-ADDO GRANTS KPG'S AUDIT EXTENSION REQUEST: DENIES GRA'S CONTRACT CONTINUATION REQUEST.

The President of the Republic, Nana Addo Dankwa Akufo-Addo, has extended the period within which KPMG is to complete its audit on the transaction between the Ghana Revenue Authority (GRA) and Strategic Mobilisation Ghana Ltd (SML), from the initial date of Tuesday, 16th January 2024, to a new date of Friday, 23rd February 2024.

This follows a request made by KPMG to the President requesting for an extension of the two-week period originally given the company to undertake the assignment.

KPMG is to submit its final report no later than Friday, 23rd February 2024.

President Akufo-Addo has also taken note of the request made by GRA, asking for his permission to allow the monitoring system installed and used by SML to continue, notwithstanding the suspension of its GRA-related operations.

The President has denied GRA's 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.