KPMG

Akufo-Addo Releases Full KPMG Report On GRA-SML Contract
22 May

Akufo-Addo Releases Full KPMG Report On GRA-SML Contract

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President Akufo-Addo has released the complete KPMG report concerning the contract between the Ghana Revenue Authority (GRA) and Strategic Mobilisation Limited (SML). The release follows public calls for transparency and accountability regarding the contract’s details and execution. The KPMG report, which was commissioned to scrutinise the terms and implications of the agreement, provides an in-depth analysis of the partnership aimed at enhancing revenue collection in Ghana. The contract with SML was intended to leverage advanced technological solutions to streamline tax collection processes, reduce leakages, and increase overall efficiency. A statement by the Communications Director at the Presidency, Eugene Arhin, noted…
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Akufo-Addo To Order Release Of KPMG Report
09 May

Akufo-Addo To Order Release Of KPMG Report

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A source at the office of the President has confirmed that, President Akufo-Addo is set to authorize the release of the KPMG audit report on the controversial Ghana Revenue Authority (GRA) and Strategic Mobilisation Limited (SML) contract. The Chief Director at the Office of the President, H.M. Wood, on Wednesday, May 8, 2024, declined a demand by the Media Foundation for West Africa (MFWA) for the full KPMG report on the revenue assurance contract between the GRA and SML. The MFWA in April this year, requested a copy of the comprehensive KPMG audit report on the GRA/SML revenue assurance contract,…
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Don’t Sit On KPMG Report – Akufo-Addo Told
03 Apr

Don’t Sit On KPMG Report – Akufo-Addo Told

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In a compelling open letter addressed to President Akufo-Addo, University of Ghana lecturer, Professor Yaw Gyampo has urged swift action in the release of the KPMG report regarding the controversial SML deal. Gyampo’s letter emphasizes the importance of transparency and accountability in governance, reminding the President of his responsibility to the people of Ghana. The SML deal, which has been under scrutiny due to allegations of corruption, has become a focal point for public concern. Gyampo stresses that the citizens of Ghana have the right to know the contents of the report, asserting that it is a fundamental principle of…
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Adopt Consultative Approach Before Implementing 2023 Budget – KPMG To Government
30 Nov

Adopt Consultative Approach Before Implementing 2023 Budget – KPMG To Government

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Accounting and auditing firm, KPMG wants government to adopt a consultative approach to ensure that the concerns of individuals, households and businesses are well addressed before measures captured in the 2023 Budget are implemented. The 2023 Budget is hinged on seven-point agenda. They include aggressively mobilising domestic revenue through various tax reforms, streamlining and rationalising expenditures, boosting local productive capacity and promoting and diversifying exports. In its 2023 Budget Highlights led by Senior Partner, Anthony Sarpong, KPMG, said with the current high levels of debt and recent downgrades in credit ratings, enhancing domestic revenue mobilisation remains a top priority for…
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52.86% Of Businesses Claim Their Operations Impacted By ‘Galamsey’ – Survey
22 Nov

52.86% Of Businesses Claim Their Operations Impacted By ‘Galamsey’ – Survey

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Fifty-two point eight six percent of businesses, according to a 2023 Pre Budget Survey by accounting and auditing firm, KPMG have indicated that their organisations have been impacted by “galamsey’ activities. They claim utility providers like Ghana Water Company LImited have indicated on their website on June 28, 2022 that water flowing to their intake points in two regions have high level of sludge, which increases operational and maintenance cost significantly. They are therefore proposing that government implement stringent measures to tackle the ‘galamsey’ menance. Whilst 44.1% of the respondents who have been impacted by ‘galamsey’ stated it has impacted…
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88% Of Business Leaders Believe Government Taxes Are Too Many – KPMG Survey
21 Nov

88% Of Business Leaders Believe Government Taxes Are Too Many – KPMG Survey

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Eighty-eight percent of business leaders surveyed by accounting and auditing firm, KPMG, have revealed that the government takes too many taxes and yet there is little to show for these taxes. Again, 51.4% of the respondents want that the Electronic Transaction Levy (e-levy) reviewed. Furthermore, petroleum and import duties/levies were singled out as taxes that needed to be reconsidered in order to reduce the rising cost of doing business. They also urged government to reduce the number of ministers, scrap ex-gratia and make it a one-time payment when leaving office and not pay ex-gratia after every four years, whilst import…
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