Strategic Mobilisation Ghana Limited (SML) has refuted claims of being awarded a 10-year contract, asserting that it holds a 5-year contract instead.
The company also denied allegations of receiving $100 million annually, challenging those behind the claims to produce any evidence supporting the accusations.
In response to a documentary by the Fourth Estate team alleging a 10-year contract, SML issued a statement challenging the producers to produce any contract that supports the claim. The company emphasized that the contract duration was approved for five (5) years by the 5th PPA Board during its 46th Board meeting.
“The documentary represents a set of misrepresentations, false claims, and a general lack of understanding of the entire operations of the company. We challenge Fourth Estate to produce any contract anywhere that is for a 10-year period.
The 5th PPA Board at its 46th Board meeting in a letter referenced PPA/CEO/09/2286/23 approved a contract duration of five (5) years.”
SML also debunked the assertion that it receives $100 million annually from its contract, dismissing it as imaginative and not based on factual information.
“It's not true that SML takes $100 million annually from its contract. The Upstream operations of the company have not yet begun, and no revenue has been realized.
No monies have been paid to SML; the $100 million per year payment to SML that has been alleged is purely a figment of the author's imagination and not factual.”
Furthermore, SML clarified its engagement with the Ghana Revenue Authority (GRA) as a “risk-reward contract,” emphasizing that the GRA incurs no cost commitment.
The company highlighted that it is not exempted from the payment of duties and taxes, and its charging formula is standard in the industry, consistent with practices adopted by other service providers.