GRA-SML deal: Government already has robust systems to monitor petroleum revenue – CBOD CEO

The Chief Executive Officer of the Chamber of Bulk Oil Distributors, Dr. Patrick Ofori, has raised concerns about the resumption of Strategic Mobilisation Limited (SML) in the monitoring operations in Ghana’s Downstream Petroleum. According to him, there are existing mechanisms that ensure that the government’s revenue from the downstream petroleum sector are monitored and mobilised effectively.
This comes after the Ghana Revenue Authority (GRA), and the Ministry of Energy, gave Strategic Mobilisation Limited (SML), the green light to resume its monitoring operations of the Downstream Petroleum sector effective June 14, 2024.
In a statement to SML, the revenue authority noted that the directive is in accordance with President AkufoAddo’s directives on the KPMG report.

“We wish to inform you that Strategic Mobilisation Limited (SML) has been directed to resume its monitoring operations of the Downstream Petroleum sector with effect from 14th June 2024 in accordance with the Presidential Directives on the KPMG report. In addition to that, we also have the petroleum seal, which seeks to ensure that products that are beingmoved from the terminal through the BRVs are also protected and taken to the various filling stations to ensure that the government’s revenue is protected. “If all these mechanisms do not assure the government of the required revenue that is expected of them, then there must be something going amiss, and that is where we need to interrogate further,” he stated.