Honorary Vice President of IMANI Africa, Bright Simons, has stated that the services of the Strategic Mobilisation Limited (SML) were unnecessary
According to him, the Ghana Revenue Authority (GRA) and SML contract required the latter to, among other things, verify if the prices of goods importers presented to the Revenue Authority were the exact cost on the market.
This was expected to help the GRA determine how much taxes should be charged on the goods and help in revenue mobilisation.
However, he said the KPMG report revealed that the country paid an amount of $15 million to $16 million for the service which could have been gotten at a cheaper rate on the open market.
Speaking on JoyNews' Newsfile on May 25, he explained that the service was completely unnecessary.
“In the KPMG report, we learned that some of the services that SML provided particularly, the ones to do with trying to prevent importers from lying about the prices of the goods that they buy which will affect the duty and trying to prevent GRA officers from lying about the right duty they should impose, those services were being charged at an astronomical cost.
“We ended up paying over $15 million, nearly $16 million. When in fact you have alternatives on the open market which could have cost us barely $20,000. We ended up paying nearly $16 million for this company to apparently help us to prevent importers from lying about the prices of the goods they bought overseas to sell in this country, when we could just subscribe to commercial data bases and paid less than $20,000 or less for the same information,” he said.
Bright Simons added that several other procedures adopted by SML were unnecessary and yielded no results.
Watch video for breakdown:
Latest Stories
-
Voice of America channels fall silent as Trump administration guts agency and cancels contracts
8 hours -
Cybersecurity awareness initiative equips students with essential digital skills
8 hours -
Government’s proposed 80% transfer of mineral royalties sparks controversy
8 hours -
Time to impose strict debt ceiling to curb Ghana’s ever rising debt:– Prof Peter Quartey
12 hours -
Ghana’s Rising Debt: It’s difficult to justify that we borrowed for sustainable development – Prof Peter Quartey
12 hours -
#GPL 2024/25: Hearts stumble in title race as Dreams snatch shock win
13 hours -
Brentford beat Bournemouth for fifth straight away win
14 hours -
Man City drop points at home against Brighton
14 hours -
Mbappe double sparks Madrid comeback win over Villarreal
14 hours -
Capt. Georgina Jopap grabs maiden Nana Konadu Agyeman-Rawlings Legacy Award
14 hours -
Coalition of Anti-Galamsey Executives urges action on galamsey, demands probe into politically linked miners
14 hours -
We can only wish Dampare well and appreciate his services – Felix Kwakye Ofosu
14 hours -
Proper oral hygiene impacts overall well-being – Dr. Louisa Satekla
15 hours -
Ken Ofori-Atta sues OSP for declaring him wanted
15 hours -
CRS donates 20 modified motor-tricycles ambulances to improve emergency healthcare
15 hours