Samuel Atta Akyea, Chairman of the Parliamentary Select Committee of Mines and Energy says SML must be given a standing ovation for its state-of-the-art installations to track the movement of petroleum products at the various tank farms across the country.
On Monday, a section of the Parliamentary Select Committee on Mines and Energy, led by the chairman, visited Strategic Mobilisation Ghana Limited (SML), pioneers in petroleum audit and assurance in Ghana’s downstream industry, to familiarise themselves with their operations.
With cutting-edge Electronic Metering Management Systems (EMMS) technology and an innovative system that combines hardware to revolutionise audit practices.
SML, since 2017, has been a significant partner to the Ghana Revenue Authority (GRA) to achieve its revenue mobilisation targets.
After the guests had been walked through the operations at SML and how the check meters of the host can expose any shady oil lifting at a depot, Mr Atta Akyea, after expressing his satisfaction with the operations at SML, cautioned the public against running commentaries on issues they have no idea on.
The South Abuakwa MP added: “From an informed position, though I don’t want to prejudice the work of the Jubilee House, I believe that this is a world-class installation.
“SML has come to expose something very huge and I think they have given the whole nation some rest and the GRA can attest to that.
“Those who have no clue as to what this company is doing or have no facts as to what happens here, should not do propaganda at the least opportunity.”
Yaa Serwaah Sarpong, Director of Special Support Services to SML, on her part, said the company, since it partnered with the GRA, has helped the GRA to double its revenue from downstream petroleum.
Yaa Sarpong said the technology at SML has helped Ghana to rake in GH¢12 billion after being able to push and sustain the average taxable volume from 240-250 million litres, when GRA partnered with it, to 450 million litres of petroleum products.
“When we came in the downstream petroleum, the average taxable volume was between 240 and 250, but we have doubled that volume based on the controls we have put in place to audit and assure revenue in the downstream petroleum. It is unprecedented based on the technology SML is using in Ghana,” she noted.
She added: “So, our performance has been remarkable and unprecedented and GRA has already said this.
“We have been able to show our MPs what we do and how we come about what we do. And we are confident that they were impressed with our operations,” Yaa Serwaah Sarpong noted.
