The Special Prosecutor, Kissi Agyebeng, has revealed his outfit seeks to recover ₵125 million from the controversial revenue assurance contract between the Ghana Revenue Authority (GRA) and SML (Strategic Mobilisation Ghana Limited).
In a detailed press briefing, Kissi Agyebeng revealed that the SML (Strategic Mobilisation Ghana Limited), which aimed to provide revenue assurance services in the petroleum, mining, and liquid bulk distribution (LBD) sectors, lacked a legitimate operational requirement.
According to Kissi Agyabeng, both Ofori-Atta and SML management were criminally minded in their operations.
He emphasised that the OSPs’ investigation established that the SML contract was not grounded in any genuine operational need, adding that the payment made to SML was a misuse of public funds.
Kissi Agyabeng, addressing a press conference on Thursday, October 30, revealed that the Strategic Mobilisation Ghana Limited (SML) lacked both the tools and technical competence to execute the audit and revenue assurance services that it was contracted to perform for the Ghana Revenue Authority (GRA).
He highlighted that the Office of the Special Prosecutor (OSP) uncovered glaring statutory breaches, conflicts of interest, and unjustified payments.
Speaking to the media, he stated, “There was no genuine need for contracting SML for the work it purported to perform”.
Kissi Agyabeng described the SML agreements as blighted by statutory breaches.
He added that the GRA failed to submit the full agreements between SML and its third-party collaborators, “GRA failed to submit the agreement between SML and other parties, such omissions violated public procurement and governance protocols”.
The OSP’s investigation painted a picture of non-compliance with Ghana’s public financial laws, revealing that the SML contracts were attended by egregious statutory breaches, adding that“mandatory prior approvals were wantonly disregarded by relevant officials who acted with increased and emboldened impunity.”
The most alarming finding revolved around the mechanism for payments made to SML. The OSP’s probe uncovered a significant failure in the public financial management system responsible for oversight and accountability.
The Special Prosecutor discovered “there was no established financial management system of monitoring and verification to ensure that the Republic was obtaining the value for the money it was paying to SML.”
“Crucially, the investigation concluded that the payments to SML were set on an “automatic mode, detached from actual performance”, a scenario which, according to the OSP, directly resulted in “causing financial loss to the public”.
Meanwhile, Kissi Agyebeng has announced that he will press charges against several individuals implicated in the controversial SML revenue assurance contracts.
According to Kissi Agyebeng, he will press charges against the individual implicated in the controversial revenue assurance contracts between the Ghana Revenue Authority (GRA) and Strategic Mobilisation Ghana Limited (SML) by the end of November 2025.
The Special Prosecutor named, former Finance Minister Ken Ofori-Atta, former Commissioner-Generals of the GRA — Rev Ammishaddai Owusu-Amoah and Emmanuel Kofi Nti, also GRA officials, Isaac Crentsil, and Kwadwo Damoa. A former member of the Finance Ministry, Ernest Akore, are expected to be charged before the end of November 2025.
The OSP decision comes after months of investigations uncovering alleged acts of corruption, abuse of office, and breaches of procurement laws in the award and execution of the SML-GRA contracts.
See the post below:
Recovery… pic.twitter.com/j3mySE5DaY
— Office of the Special Prosecutor-Ghana (@ospghana) October 30, 2025