Operatives said to be from the Office of the Special Prosecutor (OSP) and National Security on Tuesday raided the Osu and Tema offices of Strategic Mobilization Ghana Limited (SML), escalating a bitter dispute over revenue collection in Ghana’s petroleum sector that industry sources claim is being orchestrated by entrenched oil cartels.
The raids, ostensibly conducted over SML’s contract with the Ghana Revenue Authority (GRA), come amid mounting allegations that powerful petroleum industry players and oil cartels are driving a sustained campaign to dismantle oversight systems that have cost them billions in previously unreported revenue.
During the raid on Monday, the operatives reportedly dismantled the real-time monitoring system including monitors, servers, computers and other critical tech components.
“They literally destroyed the entire monitoring system which will significantly impact the operations of Customs Division of the GRA. I was told a call came from Customs to not touch the main monitoring system, but they still went ahead to destroy everything. This system is for Customs,” a source on the grounds mentioned, according to a report by the BFTonline.
Other sources close to the matter suggest the timing of the raid is no coincidence, following months of intensified pressure on SML despite institutional backing from both government auditors and parliamentary committees.
“This appears to be the culmination of a coordinated effort by vested interests including oil cartels who have been threatened by the transparency SML’s systems have brought to the sector,” one industry insider, speaking on condition of anonymity, said according to the Bftonline report.
The’ OSP has been in active engagement with SML since March 2025. Correspondence between SML and the OSP shows that SML has been cooperating with the Special Prosecutor and has provided information based on requests from the OSP.
Analysts therefore are surprised that this raid has taken place and are suspicious of the power of vested interest from the cartels and other industry actors.
SML’s revenue assurance platform has fundamentally transformed reporting in Ghana’s downstream petroleum sector.
Before the company’s engagement, monthly reported fuel volumes averaged just 208 million litres—far below actual market activity.
Today, accurate reporting has increased this figure to 450 million litres per month. Between May 2020 and December 2024, SML’s systems captured 14.1 billion litres of previously unreported fuel, generating over GH¢20 billion in additional tax revenue for the state.
This dramatic improvement in revenue collection has coincided with sustained opposition to the company’s operations. The scale of previous revenue leakages was enormous. In 2019 alone, 2.36 billion litres of petroleum products went untaxed, resulting in estimated losses of GH¢3.4 billion, or approximately GH¢283 million monthly.
Since 2020 and at the height of COVID-19 pandemic, the Ghana Revenue Authority (GRA) has consistently achieved its revenue targets from the petroleum sector due mainly from the revenue assurance system deployed by SML.
Despite a comprehensive 306-page KPMG audit commissioned by President Nana Addo Dankwa Akufo-Addo in 2024 finding no evidence of financial misconduct, and public endorsements from both the GRA and Parliament’s Energy Committee, opposition to SML has intensified rather than subsided.
The Energy Committee in the previous parliament, chaired by Samuel Atta Akyea, specifically noted that SML’s systems had disrupted a “well-entrenched network” of illicit actors and cartels in the petroleum sector. The GRA has similarly credited SML’s systems with significantly improving revenue assurance.
However, sources familiar with the petroleum industry suggest these institutional endorsements have only strengthened resolve among the oil cartels and those seeking to undermine the revenue monitoring system.
“When you are dealing with billions in previously unmonitored revenue streams, the incentives to roll back oversight are enormous,” another source close to the sector dynamics explained.
The campaign against SML has been led prominently by investigative journalist Manasseh Azure and various civil society groups, focusing on procurement irregularities and contractual disputes.
SML has responded with a GH¢21 million defamation lawsuit, maintaining that attacks on its credibility serve interests that profited from previous tax leakages. Industry analysts suggest yesterday’s raid represents a critical juncture for Ghana’s revenue assurance efforts.
The outcome could determine whether systems that have recovered over GH¢20 billion in additional tax revenue will be allowed to continue or dismantled under pressure from actors threatened by accountability measures.
The petroleum sector remains one of Ghana’s most significant revenue sources, making the integrity of its monitoring systems crucial for national fiscal health. Analysts say recent developments raise questions about the government’s commitment to maintaining hard-won gains in revenue collection. The Office of the Special Prosecutor (OSP) and National Security have not yet provided detailed justification for the raids beyond citing contractual concerns.
-thebftonline.com
