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    Home»Business»What SML’s critics want is a return to manual accounting so they can exploit loopholes – Yaa Sarpong fires back
    Business

    What SML’s critics want is a return to manual accounting so they can exploit loopholes – Yaa Sarpong fires back

    ZamZam UpdateBy ZamZam UpdateMay 24, 2025No Comments3 Mins Read
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    Dr. Yaa Serwaa Sarpong of Strategic Mobilisation Ghana Restricted (SML) has accused some critics of opposing digital transformation in Ghana’s petroleum sector as a result of it threatens entrenched pursuits.

    Showing on The Upfront on Pleasure Information, Dr. Sarpong asserted that calls to terminate SML’s operations are successfully appeals to revert to outdated, guide accounting practices — which allowed for income leakages and knowledge manipulation.

    She mentioned earlier than SML was contracted to offer its income assurance companies, the GRA was counting on handwritten waybills and Excel spreadsheets, which had been simple to govern, and prosecutions of rogue OMCs or bulk distributors for suspected tax evasion and income fraud usually failed because of poor documentation. “What our critics are asking for is to revert to these days to allow them to proceed to take advantage of loopholes.”

    In response to her, SML’s system tracks petroleum actions from depots to supply factors in actual time utilizing automated tank gauges, movement meters, and GPS monitoring.

    She mentioned what SML has put in is a tangible infrastructure — ultrasonic movement meters, automated tank gauging techniques, safe satellite tv for pc transmission, and solar-powered installations to make sure uninterrupted knowledge movement even throughout energy outages.

    One key challenge addressed was additionally the shortage of impartial metering, the place prior to now, OMCs used their very own meters to document volumes, which created room for underreporting.

    SML has launched impartial test meters and automatic reconciliation techniques which makes manipulation extraordinarily tough.

    She mentioned all data are robotically uploaded to a central dashboard monitored by GRA, which means discrepancies in volumes, tax calculations, and supply anomalies are detected immediately.

    Dr. Sarpong additionally addressed the notion that SML is overpaid, stating that the corporate’s share is tied strictly to its efficiency and value restoration, not arbitrary prices.

    She defined that SML is being paid from financial savings generated by its personal intervention.

    Controversies arising from media publications on the federal government’s contract with SML, led to a KPMG audit which finally acknowledged the efficacy of SML’s technical interventions and suggested a contract revision.

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