Senyo Hosi, the former CEO of the Chamber of Bulk Oil Distributors, has revealed how former Finance Minister Ken Ofori-Atta snubbed Dr Mahamudu Bawumia’s advice to analyse contracts awarded to Strategic Mobilisation Ghana Limited (SML).
He recounted that when the contract was awarded, Dr Bawumia, the chair of the Economic Management Team (EMT), instructed that Senyo Hosi and his team analyse the contract to ensure all loopholes were addressed.
Senyo Hosi highlighted that Ofori-Atta, who did not attend the meeting due to illness, later cancelled Dr Bawumia’s directive.
Speaking on Channel One TV on November 1, 2025, Senyo Hosi detailed, “DMB had directed that we be engaged, and Ammishaddai should contract us to do the work. We were even going to deploy technology to automate the analysis so we wouldn’t need anyone to manually review the data. Then suddenly, Evans Adusei and others appeared. It started with Ken Ofori-Atta”.
Hosi added, “He was sick at the time, so he wasn’t at the EMT meeting. DMB had directed that this be done to resolve the issue immediately. Ken Ofori-Atta sent a message to my partner asking what Senyo and I wanted to do. Then, out of nowhere, there was a new directive. DMB had instructed something, and Ken Ofori-Atta cancelled it without even consulting the EMT. Now Ammishaddai is stranded”.
“Now Ammishaddai has to do the analysis. That’s when all the data came in. You remember your guy in IT, he was commissioned to analyse the situation. But no comparative analysis was done. The data wasn’t used for anything. And you didn’t need any system for it. They never used the system for the analysis. They never interpreted the existing data. Yet, the government was paying them GH¢24 million,” he explained.
Ammishaddai knows that that contract was unholy; he knows that that contract was technically loot. These people knew, but they walked around as church elders. This country, we are wicked people, this was absolutely loot.
His comments come on the back of President John Dramani Mahama’s cancellation of the Strategic Mobilisation Ghana Limited (SML) under the Akufo-Addo administration.
On Friday, October 31, 2025, President John Dramani Mahama directed the Minister of Finance, Dr Cassiel Ato Forson, to terminate all existing contracts between the Government and Strategic Mobilisation Ghana Limited (SML).
This follows the Office of the Special Prosecutor (OSP) concluding its probe into the dubious contracts awarded to Strategic Mobilisation Ghana Limited (SML).
Dr Callistus Mahama, in a letter, instructed the Finance Minister to take immediate steps to end all contractual arrangements involving SML, the revenue assurance company.
Manasseh Azure Awuni, reacting to the Mahama government’s termination of the SML deal, highlighted that the cancellation saves the country over $500 million.
In a post on X, he wrote, “Over $500 Million or GHS5 Billion + has been saved from the cancellation of SML’s dubious contracts. One day at a time.”
Furthermore, Manasseh Azure Awuni has said it takes extreme wickedness for the former finance minister, Ken Ofori-Atta, to sign contracts like Strategic Mobilisation Limited (SML).
According to Manasseh, it takes extreme wickedness against one’s nation and its people to sign contracts like SML.
He detailed that the former finance minister, Ken Ofori-Atta, masterminded the dubious contract.
In a post on X, Manasseh Azure Awuni detailed, “This man masterminded a dubious contract that said that SML should have a fixed percentage of revenue from:
1. Every litre of petroleum product you buy anywhere in Ghana.
2. Every barrel of oil Ghana produces.
3. Every ounce of gold Ghana produces.
4. Additional revenue from imported goods at the ports and harbours of Ghana”.
He added, “But for our investigation that ensured that the 2023 consolidated contract did not take off, SML would have been entitled to over 500 MILLION UNITED STATES DOLLARS for the first five years. The contract was renewable for another five years.
“Ladies and Gentlemen, it is not for nothing that Kwesi Pratt Jnr said SML was the “mother of all scandals” in the scandal-ridden Akufo-Addo administration”, his post concluded.
Watch the video below:
@ghanasoundbites Senyo Hosi name names in the SML deal. #sml #KenOforiAtta #Eoco #OSP #fyppppppppppppppppppppppp ♬ original sound – Ghana Soundbites