The entire projected fees to be paid to SML under the 2023 contract amount to GHS 5,173,091,857, or almost GHS 1 billion annually, according to the conclusions of KPMG’s audit.
The report goes on to say that in 2023, SML, GRA, and the Ministry of Finance (MoF) signed a Revenue Assurance Services Contract, which increased SML’s services to include audits of minerals and petroleum upstream in addition to the downstream audits that SML already performed.