Saboteurs see SML as a threat – Yaa Serwaa Sarpong

Director of Assist Providers at Strategic Mobilisation Ghana Restricted (SML), Dr. Yaa Serwaa Sarpong has slammed critics of the corporate’s operations, saying that SML’s improvements have rattled people and entities who beforehand possible benefited from loopholes in Ghana’s petroleum sector.

Talking on The Upfront on Pleasure Information, Dr. Sarpong described a few of the backlash towards SML as orchestrated, suggesting that these uncomfortable with the corporate’s position in sealing income leakages view it as a risk.

She mentioned whenever you eradicate guide processes and plug leakages, you frustrate those that have lengthy exploited the system and that a few of SML’s most vocal critics merely see the corporate as a risk.

SML, a Ghanaian-owned firm engaged by the Ghana Income Authority (GRA), specialises in income assurance, real-time monitoring, and audit companies within the petroleum downstream sector.

Based on Dr. Sarpong, the corporate’s technological interventions have drastically diminished alternatives for underreporting and tax evasion.

She famous that previous to SML’s involvement, GRA relied on information reported by oil advertising and marketing corporations themselves — a system that lacked independence and transparency.

“Now, we use examine meters, satellite tv for pc transmissions, and real-time dashboards. Each litre lifted is accounted for, and all the information is verifiable independently of the merchants. Naturally, this doesn’t sit properly with those that most well-liked the opacity,” Dr. Sarpong defined.

---

If what SML does just isn’t income assurance, then what’s?

Within the face of mounting scrutiny, Dr. Yaa Sarpong robustly defended the corporate’s position in Ghana’s petroleum income monitoring, insisting that SML’s methods epitomise income assurance.

She challenged critics who query the corporate’s worth, citing the technological infrastructure and monetary mannequin SML has dropped at the sector.

“If what we’re doing isn’t income assurance, then what’s?” she requested. “We’ve eradicated guide loopholes, digitised all data, and supplied GRA with real-time visibility over petroleum transactions throughout the nation.”

She mentioned SML absolutely funds its system improvement, installations, and operations, receiving compensation solely from a portion of the income its interventions assist to recuperate — a mannequin she mentioned is each environment friendly and clear.

“Our contract permits the federal government to maintain 95% of the extra income collected. The remaining 5% helps our operations. Evaluate this to conventional preparations, and it turns into clear that this is without doubt one of the most value-driven contracts within the sector,” she defined.

Dr. Yaa Sarpong maintained that earlier than SML’s engagement, GRA relied on paper-based documentation saved in sacks — making audit trails unreliable and prosecutions tough.

“Right this moment, with automated methods, digitised data, and cloud storage, all that has modified. It’s an entire transformation,” she mentioned.

Learn additionally:

Only a cartel benefiting from Ghana’s revenue hemorrhage will resist SML solution – Rev. Charles Owusu

DISCLAIMER: The Views, Feedback, Opinions, Contributions and Statements made by Readers and Contributors on this platform don’t essentially signify the views or coverage of Multimedia Group Restricted.

DISCLAIMER: The Views, Feedback, Opinions, Contributions and Statements made by Readers and Contributors on this platform don’t essentially signify the views or coverage of Multimedia Group Restricted.