The Board of the Ghana Revenue Authority (GRA) and Strategic Mobilization Ghana Limited (SML), a revenue and assurance audit business, recently convened a stakeholder engagement to explore a sustainable path that both parties may adopt to accelerate revenue development in the nation.
The engagement's objective was to enhance good governance by encouraging accountability and openness in the government's financial operations.
Christian Tetteh Sottie, the managing director of SML Ghana, said during the meeting that it was conducted at the company's office in Tema and that the two parties already had a successful connection.
The discussion, he continued, will expand SML Ghana's partnership with the GRA as they discuss obstacles to and opportunities for the country's progress and accomplishments. "We walked them through the specific approach of how SML Ghana is utilizing technology to better the sector as part of our discussion with the Board, which was part of our mandate to expand our synergies with the Ghana Revenue Authority. "We are always on the same page and can successfully communicate when we do this," he remarked.
"We appreciate your presence and the effort you put into helping us carry out our daily activities smoothly, and we assure you that SML Ghana will continue to put in place all the necessary measures and processes to ensure a smooth audit process because we understand the impact that these measures and processes have on the government's revenue mobilization," Mr. Sottie added.
Dr. Anthony Oteng-Gyasi, board chair for the GRA, praised SML Ghana for adopting and implementing much more effective digital and creative controls, which have improved the government's capacity to generate income.
"SML Ghana has done a good job, as we have seen here today, and we are very pleased to know that they continue to monitor in real-time and at all times." We hope that these processes will further improve our tax collection and also increase our revenue mobilization," he stated.
Dr. Oteng-Gyasi advised SML Ghana to keep investing in novel strategies in order to remedy any potential flaws while also stressing the need to maintain connections that enrich audit quality and enhance revenue mobilization procedures.
"We will admonish you to uphold the norm in terms of the sensors and management tools you employ and to prevent them from detaching and providing inaccurate results. "The GRA is ready to offer the support that is required to achieve seamless revenue assurance since the entire country depends on you for these earnings," he said.
While also praising SML Ghana's function, the Commissioner-General of the Ghana Revenue Authority (GRA), Dr. Ammishaddai Owusu-Amoah, remarked that the tax authority is rapidly realizing the necessity to use data in revenue collection. So as to help bridge the revenue gap, he added, the GRA will look at other industries where SML Ghana's audit procedures may be used.
The aim is to be able to grow revenue, and we are happy with what they have done so far. Since they started, we have seen an increase in revenue. Whatever potential we have to look at it in other areas, we will explore. As a result, he added, "we will keep monitoring the areas where we know that monitoring would help close the revenue gap.
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