President John Dramani Mahama has directed the Finance Ministry to terminate all Strategic Mobilisation Ghana Limited (SML) and related contracts following the Office of the Special Prosecutor (OSP) investigations.
The President has also demanded legal action taken within Seven days.
This directive was contained in a letter signed by the Secretary to the President, Dr Callistus Mahama, and addressed to the Minister of Finance, Dr Cassiel Ato Forson.
The letter instructed the Finance Minister to take immediate steps to end all existing agreements involving SML.
The OSP recently concluded its investigation into the revenue assurance contracts between SML and the Ghana Revenue Authority (GRA).
This investigation examined issues related to alleged procurement irregularities, contractual overreach, and concerns regarding value for money.
According to findings shared by the Special Prosecutor, Mr Kissi Agyebeng, at a press conference in Accra on Thursday, October 30, the investigation revealed that there was no genuine need for engaging SML for the services it purported to perform.
The contracts, he stated, were secured through “self-serving official patronage, sponsorship, and promotion based on false and unverified claims.”
Meanwhile, Strategic Mobilisation Ghana Limited has denied any wrongdoing, insisting that its operations were lawful, transparent, and beneficial to the state.
In a statement issued on Friday, October 31, 2025, SML stated that it had “fully cooperated with all lawful investigations” and called for public discussions to be grounded in 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.
SML maintained that it is a wholly Ghanaian-owned company with no political affiliations and that its contracts with the GRA were structured under a “risk-and-reward” framework to enhance national revenue mobilisation through measurable results.
According to the company, its services, including transaction audits, external price verification, and downstream petroleum measurement, were performed under GRA supervision, with payments made only after results were independently verified.
The decision to terminate the SML contract follows the Ghana Revenue Authority’s (GRA) action in May 2024, when it complied with directives from former President Akufo-Addo to terminate the Transaction Audit and External Verification Service (AEVS) contract with Strategic Mobilisation Ghana Limited.
The GRA also suspended the Upstream Petroleum and Minerals Revenue Audit components of the agreement, pending a comprehensive review of the contract details.
Additionally, the Authority announced plans to amend the Measurement Audit for the Downstream Petroleum Products contract by converting it to a fixed-fee structure.
The GRA further indicated that it would conduct a detailed review of other provisions of the contract, including service delivery expectations, termination clauses, and intellectual property rights.
