By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Starr FmStarr FmStarr Fm
  • Home
  • Election Hub
  • General
    GeneralShow More
    Mahama hails Chief of Staff Julius Debrah as he unveils ambitious plan for Kwahu Business Forum
    April 4, 2026
    Mahama calls for emergency Cabinet Meeting over rising fuel prices
    April 4, 2026
    No imminent fuel shortage in Ghana amid Iran conflict – Mahama assures
    April 4, 2026
    Seth Terkper details growing influence of Kwahu Business Forum on Ghana’s economy
    April 4, 2026
    Mahama’s industrial agenda gains momentum as Kwahu 2026 drives Ghana’s manufacturing future
    April 3, 2026
  • Business
    BusinessShow More
    The time has come for Ghana to position itself as the Manufacturing Hub of West Africa – Chief of Staff
    April 3, 2026
    ECG engineers inspect power lines after snake-induced outage in Ashanti Region
    AGI urges ECG to reintroduce reverse metering to bolster national power grid
    April 2, 2026
    AGI demands immediate scrapping of GHC 1 fuel levy to offset rising production cost
    April 2, 2026
    Sachet water to be sold at GH¢ 15 per bag effective April 6
    April 2, 2026
    Burkina Faso suspends ban on exportation of fresh tomatoes
    April 2, 2026
  • Politics
    PoliticsShow More
    Mahama hails Chief of Staff Julius Debrah as he unveils ambitious plan for Kwahu Business Forum
    April 4, 2026
    Mahama calls for emergency Cabinet Meeting over rising fuel prices
    April 4, 2026
    Mahama’s industrial agenda gains momentum as Kwahu 2026 drives Ghana’s manufacturing future
    April 3, 2026
    Ghana’s youth need jobs, not just inspiration – Julius Debrah
    April 3, 2026
    The time has come for Ghana to position itself as the Manufacturing Hub of West Africa – Chief of Staff
    April 3, 2026
  • Entertainment
    EntertainmentShow More
    Black Sheriff lacks musical identity – Ambullay
    April 3, 2026
    Ambolley dismisses Shatta Wale’s ‘Dancehall King’ title; Shatta responds
    April 3, 2026
    GHOne TV Alumni Power Games set to light up Accra on for April 11
    April 1, 2026
    S/Court slaps ‘disrespect’ Lil Win with GH¢10K cost in Martha Ankomah’s GH¢5M defamation case
    March 31, 2026
    TGMA Debate: DopeNation deserves nomination consideration, they’ve gone global — Medikal
    March 24, 2026
  • Sports
    SportsShow More
    DR Congo qualify for 2026 World Cup after 52-year absence
    April 1, 2026
    GHOne TV Alumni Power Games set to light up Accra on for April 11
    April 1, 2026
    “Ghana First”- Okraku breaks silence on sacking Otto Addo
    April 1, 2026
    Ras Mubarak calls for end to MPs doubling as ministers
    Missing AFCON 2025 Was The First Warning Shot. Will The Black Stars Rise, Or Will History Repeat Itself?
    March 31, 2026
    Black Stars job: Nana Akomea threatens one-man demonstration if GFA snubs Kwesi Appiah
    March 31, 2026
  • Technology
    TechnologyShow More
    Samsung Ghana announces new warranty extension
    April 3, 2026
    A New Era for Digital Trust: Sam George Leads Charge to Secure Mobile Money System
    April 2, 2026
    Washington: Lordina Mahama advocates stronger child protection in digital space at Global Summit
    March 26, 2026
    Samsung unveils all-new Galaxy Buds4 Series with ultimate sound
    March 9, 2026
    Galaxy AI expands multi-agent ecosystem to give users more choice and flexibility
    February 25, 2026
  • International
    InternationalShow More
    No imminent fuel shortage in Ghana amid Iran conflict – Mahama assures
    April 4, 2026
    Ghanaian Yaghi Ibrahim appointed to AU Agenda 2063 ambassadorial assembly
    April 4, 2026
    New Brazil law allows separated couples joint custody over pets
    April 2, 2026
    US lifts sanctions on Venezuelan interim leader
    April 2, 2026
    DR Congo qualify for 2026 World Cup after 52-year absence
    April 1, 2026
  • Factometer
Search
© 2024 EIB Network Ltd. All Rights Reserved.
Reading: Strategic Mobilisation saves Ghana GH¢1bn
Share
Notification Show More
Font ResizerAa
Starr FmStarr Fm
Font ResizerAa
  • Headlines
  • Election Hub
  • General
  • Politics
  • Sports
  • Business
  • Entertainment
  • Factometer
Search
  • Headlines
  • Election Hub
  • General
  • Politics
  • Sports
  • Business
  • Entertainment
  • Factometer
Have an existing account? Sign In
Follow US
© 2024 EIB Network Ltd. All Rights Reserved.
Business

Strategic Mobilisation saves Ghana GH¢1bn

Starrfm.com.gh By Starrfm.com.gh Published April 10, 2021
Share
SHARE

Strategic Mobilisation  Ghana Ltd (SML), Ghana’s-first digital project to monitor petroleum products across 16 depots, recorded one billion cedis in revenue.

This helped Government to realize more money while reducing leakages in the fuel-value chain.

The Managing Director, Christian Sottie, speaking to the media in Accra, said in March 2021, when SML started monitoring and auditing, the volumes increased drastically even though “We were in a COVID-19 era where many factories were not operating at full capacity, borders were closed, and people were home.”

Mr Sottie revealed that SML’s data readings for June to December 2020 matched with those of the National Petroleum Authority (NPA) adding “These attest to the fact that SML’s readings are reliable and could be depended on for the revenue assurance process.”

He added that the deployed non-intrusive system of fixing clamp-on meter on the pipes recorded the volume of fuel passing through the pipes via ultra-sonic waves, and transmitted the information to SML data centre.

“We do an end-to-end audit of volumes recorded at our data center. When someone touches our clamp-on at any depot nationwide, we get an alarm at the data centre and send our engineers to check immediately”, he added.

The Situation Before

Prior to the introduction of SML, leakages were as a result of the diversion of petroleum products for re-export back to the domestic market and also the under-declaration of the volumes lifted for the domestic market.

An analysis of the National Petroleum Authority (NPA) and data from SML on petrol, LPG and diesel supplies showed a year-on-year disparity in the volumes accounted for.

Disparity In Figures

At the launch of SML in June 2020, Ghana’s Finance Minister, Ken Ofori-Atta said the NPA, Ghana Revenue Authority (GRA) and the depots’ independent reconciliation of reported sales of gasoil and gasoline for 2016 to 2018 showed differing figures.

“NPA reported sales of 12.17 billion litres, the GRA record showed 10.65 billion, while the record at the depots was 10.53 billion litres,” the Minister underlined.

He said it was for such reason that Africa’s first sectorial multi-site integrated monitoring end-to-end Electronic Metering Management System (EMMS) solution deployed and managed by SML, was engaged to give real-time visibility and transparency to major stakeholders such as GRA and Customs.

 

You Might Also Like

The time has come for Ghana to position itself as the Manufacturing Hub of West Africa – Chief of Staff

AGI urges ECG to reintroduce reverse metering to bolster national power grid

AGI demands immediate scrapping of GHC 1 fuel levy to offset rising production cost

Sachet water to be sold at GH¢ 15 per bag effective April 6

Burkina Faso suspends ban on exportation of fresh tomatoes

Share This Article
Facebook Twitter Email Print
Share
Previous Article Angry 14-year-old boy sets boy, 10, ablaze at Amanfrom
Next Article Prince Philip impacted Ghana positively – Akufo-Addo

Starr 103.5FM

Starr FmStarr Fm
Follow US
© 2024 EIB Network Ltd. All Rights Reserved.
newsletter icon
Join Us!

Subscribe to our newsletter and never miss our latest in news, podcasts etc..

[mc4wp_form]
Zero spam, Unsubscribe at any time.
adbanner
AdBlock Detected
Our site is an advertising supported site. Please whitelist to support our site.
Okay, I'll Whitelist
Welcome Back!

Sign in to your account

Lost your password?