Home / BUSINESS NEWS / Audio‘This Is Thievery’ – IES On Finance Ministry’s 10-year SML Contract

Audio‘This Is Thievery’ – IES On Finance Ministry’s 10-year SML Contract

Spread the love

The Executive Director of the Institute of Energy Security (IES), Nana Amoasi VII, has described as ‘thievery’ the Finance Ministry’s 10-year contract with Strategic Mobilisation Ghana Limited (SML).

This comes after Strategic Mobilisation Ghana Limited was awarded an additional contract worth up to ¢24 million per month.

The contract calls for monitoring and reporting on fuel product diversion and dilution, as well as overall noncompliance in the petroleum industry.

Notably, the National Petroleum Authority (NPA) was already in charge of these responsibilities.

The firm admitted to the Fourth Estate investigators that they made false claims about its services to the state as it relates to alleged savings.

In an interview on Joy FM Top Story on Monday, December 18, Nana Amoasi VII stated that contracting a private firm to undertake duties the NPA is already doing is purposely to create wealth for a few people.

He also shared the view that government going on that tangent could also be a result of it not trusting the existing system.

“We [IES] believe that the latter may be the truth. That this is designed to create loot and share,” he added.

He explained that there are existing systems in place to check product quantity.

Nana Amoasi VII added that “the NPA exists to carry out such a mandate, Custom Excise and Preventive Service also exist to crosscheck the quantity of product that comes into the system. And so this is a clear duplication of task.”

“Something that we have paid for to be done for the country, you go and contract somebody else to come and put piezometer to check. This is thievery and nothing else,” he insisted.

 

 

Meanwhile, the Special Prosecutor has been petitioned to probe the Finance Ministry, The Ghana Revenue Authority and Strategic Mobilisation Ghana Limited over the questionable $1 billion contract for revenue assurance in the petroleum downstream, upstream, and gold mining sectors.

The Editor-in-Chief of The Fourth Estate, Manasseh Azure Awuni who filed the petition explained that the OSP had assured that something would be done about it.

According to him, the petition is to investigate the deal for corruption and possible breach of procurement law.

Reacting to his, the Ranking Member on Mines and Energy Committee, John Jinapor says he is happy the Special Prosecutor has been petitioned to probe the contract indicating that the Minority side will also determine their next line of action.

 

 

THANK YOU for constantly reading stories on MyGhanaMedia.com, a news publishing website from Ghana. Kindly like, follow, comment, and SHARE stories on all social media platforms for more entertaining updates!

Please subscribe to our YouTube channel:  https://youtube.com/@mgmtv113
Follow us on Facebook:  https://www.facebook.com/myghanamedia3
 

 

Source:  MyGhanaMedia.com

 

There are four types of content published on MyGhanaMedia.com daily: curated content; syndicated content; user-generated content; and original content.

 

 

 

 

 

 

Send your news stories to myghanamedia@gmail.com 

 

About Adwenpa-Hene

we publish on Entertainment, Sports, Politics, Lifestyle, and Technology. You can also follow Us on : YouTube Channel - My Ghana Media TV, Facebook - MyghanaMedia TV , Twitter - @MyGhanamedia2 & Instagram - My Ghana Media TV. Email Address: myghanamedia@gmail.com Contact Us: 0200818719

Check Also

Farmers’ Day Celebration: Friday, 8th November 2024 Not A Public Holiday But …… – Interior Ministry Clears Air

Spread the love The Ministry of Interior has announced that Friday, November 8, 2024, will …

x