More interesting findings have surfaced since the audit report on the controversial agreement between the Ghana Revenue Authority (GRA) and Strategic Mobilisation Ghana Ltd (SML) was made public.
According to audit firm KPMG, the revenue mobilisation agreement can be terminated by either party.
However, the firm noted in its report on the contract that such a termination could result in financial implications for both the government and the GRA.
Per the report, “upon termination, GoG and GRA remain liable to settle SML for services already completed but not yet paid. GoG and GRA are not entitled to a refund of any compensation already paid to SML, regardless of the termination cause.”
“If GoG or GRA terminates without a cause, it becomes liable to pay SML an ROI equivalent to the fair value of SML’s investment in the contract,” it stated.
Source: Mybrytfmoline.com/Kwabena Nyarko Abronoma
