The Ghana Revenue Authority (GRA) has officially confirmed that SML Ghana Limited fully executed its contractual obligations under its agreements with the Authority, countering widespread public and political claims that the company was paid for “no work done.”

In a letter dated October 14, 2025, and signed by Mr. Freeman Sarbah, Head of Legal at the GRA, the Authority detailed findings from its internal review of records covering January 2019 to December 2024.

The review verified that SML Ghana carried out Transaction Audit, External Price Verification, and Revenue Assurance in the Petroleum Downstream Sector in line with the stipulated terms of its contracts.

According to the letter, “the Authority’s records and accompanying technical documentation confirm that SML Ghana Limited undertook work related to the assigned services,” with all relevant reports and evidence available for inspection.

The clarification comes after months of intense scrutiny and political debate over the SML contracts, amid allegations that the company received significant payments without delivering measurable outcomes.

However, the GRA’s statement directly contradicts those claims, asserting that all payments made to SML were tied to verified deliverables.

The Authority further stated that all disbursements to the company within the period under review were properly documented, reconciled, and approved in line with standard financial procedures.

While the Transaction Audit and External Price Verification agreement was terminated in November 2024, the GRA confirmed that SML’s Downstream Petroleum Revenue Assurance contract remained operational until June 2025, when it was suspended pending investigations by the Office of the Special Prosecutor (OSP).

The GRA’s latest clarification significantly reshapes the public discourse around the SML matter, indicating that the company did in fact perform its assigned duties and provide verifiable documentation throughout its engagement.