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Business News of Saturday, 24 May 2025

    

Source: www.ghanawebbers.com

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

Dr. Yaa Serwaa Sarpong from Strategic Mobilisation Ghana Limited (SML) has made accusations against critics of digital transformation in Ghana’s petroleum sector. She claims these critics oppose change because it threatens their interests.

In an interview on The Upfront with Joy News, Dr. Sarpong stated that calls to end SML’s operations are a push to return to outdated practices. These manual accounting methods allowed for revenue leakages and data manipulation.

Before SML was hired, the GRA used handwritten waybills and Excel spreadsheets. These methods were easy to manipulate, leading to failed prosecutions of rogue OMCs or bulk distributors due to poor documentation. Dr. Sarpong said critics want to go back to those days to exploit loopholes.

SML's system tracks petroleum movements in real time using advanced technology. This includes automated tank gauges, flow meters, and GPS tracking.

She highlighted that SML has built tangible infrastructure like ultrasonic flow meters and solar-powered installations. This ensures uninterrupted data flow even during power outages.

Another issue addressed was the lack of independent metering in the past. OMCs used their own meters, which allowed for underreporting.

SML has introduced independent check meters and automated reconciliation systems. This makes manipulation extremely difficult.

All records are automatically uploaded to a central dashboard monitored by the GRA. This allows for instant detection of discrepancies in volumes, tax calculations, and delivery anomalies.

Dr. Sarpong also responded to claims that SML is overpaid. She clarified that the company’s payment is based strictly on performance and cost recovery.

She explained that SML is paid from savings generated by its own interventions.

Controversies from media reports about the government’s contract with SML led to a KPMG audit. The audit confirmed the effectiveness of SML’s technical interventions and recommended a contract revision.