Close Menu
    Trending
    • “We are going to start serious demolition exercise in selected communities at Tema on Monday”- Greater Accra regional minister
    • Baba Yara Sports Stadium isn't fit to host even colts football – Yaw Ampofo Ankrah
    • President Mahama condemns recent attack on Journalist, vows severe sanctions
    • Total financial sector assets grew by 34% to GH₵525.59bn in 2024; banks accounted for 76%
    • Road minister vows to retrieve $30m from foreign contractor for no work done
    • Tottenham boss Thomas Frank praises Mohammed Kudus after Arsenal victory
    • 6 ways your emotional attachment style shows up in the bedroom
    • GIPC gears up for upcoming Africa Singapore Business Forum 2025
    zamzamupdate.com/ News on the GO
    • Home
    • Ghana News
    • News Updates
    • Sports
    • Business
    • Politics
    • Entertainment
    zamzamupdate.com/ News on the GO
    Home»Business»Only a cartel benefiting from Ghana’s revenue hemorrhage will resist SML solution – Rev. Charles Owusu
    Business

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

    ZamZam UpdateBy ZamZam UpdateMay 19, 2025No Comments3 Mins Read
    Share Facebook Twitter Pinterest LinkedIn Tumblr Reddit Telegram Email
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Former Head of Monitoring on the Forestry Fee and good governance advocate, Reverend Charles Owusu has launched a passionate defence of Strategic Mobilisation Ghana Ltd (SML), warning that resistance to its operations, notably within the petroleum downstream and upstream sectors, can solely be defined by the affect of vested pursuits benefiting from Ghana’s long-standing income leakages.

    In an interview with MyJoyonline, Rev. Owusu questioned the motives of these opposing SML’s deployment of know-how to trace and plug revenue losses within the extractive business, particularly when proof factors to its helpful deployment.

    “It is just a cartel that clearly advantages from the leakage that can oppose any resolution to repair the rot,” he said, including, “Let’s be sincere, how come the shortfalls vanished when SML plugged of their programs within the downstream sector? The information speaks for itself.”

    Based on him, the true opposition to SML’s efforts just isn’t about legality or effectivity however about “saboteurs inside the system who’ve at all times profited from the opacity and under-reporting in Ghana’s petroleum sector.”

    Rev. Owusu expressed disbelief on the Ghana Income Authority’s (GRA) latest declare to have suspended SML’s upstream operations, stating that “the undertaking has not even began. How will you droop one thing that has not commenced?”

    He cited a recent GRA letter and known as into query its claims, notably the assertion that SML was increasing its operations with out approval. “The place did the GRA get the details about SML increasing into upstream unilaterally? That is severe and deserves readability.”

    The GRA, in an official assertion, introduced that it had suspended SML’s upstream petroleum income assurance operations, pending additional evaluate. However Rev. Owusu insists this motion is untimely and deceptive, provided that SML has not begun any upstream exercise but.

    He urged Ghanaians to place the nationwide curiosity above parochial issues, stressing that “we should embrace home-grown options like SML if we’re severe about preventing corruption and plugging income losses in vital sectors of the financial system.”

    Rev. Owusu pointed to proof by Dr. Eric Boachie Yiadom, a Senior Lecturer and Initiatives Coordinator on the College of Skilled Research, Accra (UPSA) that the SML resolution deserves to be deployed within the nationwide curiosity, or at worst to be tweaked to help the nationwide effort to fight income leakages.

    Based on Dr. Yiadom, the SML system represents the most effective know-how to plug the persistent tax income leakages in Ghana.

    Rev. Owusu warned that continued sabotage and resistance to technological oversight within the petroleum sector would solely perpetuate Ghana’s financial losses, and serve the pursuits of some highly effective people.

    “This nation belongs to all of us. Allow us to cease defending unlawful earnings and begin defending nationwide assets. SML provides an actual resolution, and we should not let a couple of folks maintain Ghana again.”

    Learn additionally:

    Ghana is not broke, it is bleeding- UPSA’s Prof. Boadi calls for bold action on tax leakages

    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.



    Source link
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleAccra Plains to become administrative capital  -President Mahama
    Next Article Mpox cases in Ghana rise to 4 as Accra, Western Region report infections
    ZamZam Update
    • Website

    Related Posts

    Business

    Total financial sector assets grew by 34% to GH₵525.59bn in 2024; banks accounted for 76%

    August 2, 2025
    Business

    GIPC gears up for upcoming Africa Singapore Business Forum 2025

    August 2, 2025
    Business

    Banking industry remained robust in 2024; Cost-to-income ratio fell to 79.1%  – Report

    August 2, 2025
    Add A Comment
    Leave A Reply Cancel Reply

    Top Posts

    I’ll be happy to represent Gifty Oware if NIB violates her right – Lawyer Martin Kpebu

    March 9, 2025

    Asante Kotoko can win CAF Confederation Cup – Samba O’Neil

    June 27, 2025

    Working in Africa is different – Chris Hughton on his time as Black Stars coach

    March 9, 2025

    Reverse decision removing CEO of TTH  … Minority Caucus charges

    April 24, 2025

    Invest with confidence: MiDA CEO champions ’24-Hour Economy’ as bankable and transparent

    July 17, 2025
    Categories
    • Business
    • Entertainment
    • Ghana News
    • News Updates
    • Politics
    • Sports
    Most Popular

    “We are going to start serious demolition exercise in selected communities at Tema on Monday”- Greater Accra regional minister

    August 2, 2025

    GBA Bartenders Masterclass returns to redefine mixology in Ghana

    February 2, 2025

    Breaking News: Unknown person stabbed Asante Kotoko diehard supporter Pooley to death

    February 2, 2025
    Our Picks

    VRA Ladies Association refutes allegations against Acting CE Obeng Kenzo

    February 19, 2025

    From Doubt to Dreams: Telecel’s 2Moorch Money Promo changes a nurse’s life

    July 27, 2025

    ‘But for mining, Ghana wouldn’t be here today’ – Chamber of Mines CEO laments neglect

    May 25, 2025
    Categories
    • Business
    • Entertainment
    • Ghana News
    • News Updates
    • Politics
    • Sports
    • Privacy Policy
    • Disclaimer
    • Terms and Conditions
    • About us
    • Contact us
    Copyright © 2025 Zamzamupdate.com All Rights Reserved.

    Type above and press Enter to search. Press Esc to cancel.