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
    Obuasi SHTS case: Schoolgirls need protection, not exploitation – Bridget Bonnie
    October 23, 2026
    NDC Elections: Darlas Ampomah Williams cautions against aspirants with ‘vendetta’ agenda against MMDCEs
    October 23, 2026
    UG warns students with CGPA below 1.00 to withdraw from programmes, says no probation
    October 23, 2026
    U/E: Suspected armed robber dies after collapsing while leading police to accomplices
    October 23, 2026
    Obuasi SHTS scandal: Minority criticises govt’s response to abuse allegations
    October 23, 2026
  • Business
    BusinessShow More
    Customer Service Week: StarLife Assurance screens 400 people for free in Accra, Kumasi
    October 22, 2026
    Africa Business Forum & Awards 2026 celebrates entrepreneurship, innovation
    October 22, 2026
    Malik Basintale calls for review of CST funding cap to boost youth employment
    October 22, 2026
    E&P has achieved what foreign mining companies failed to do in decades – NPP’s Abronye
    October 22, 2026
    37th CIMG Awards: Hollard Life wins Marketing-Oriented Insurance Company of the Year
    October 22, 2026
  • Politics
    PoliticsShow More
    NDC braces for nationwide constituency polls as 15,000 aspirants vie for executive positions
    October 23, 2026
    NDC won’t shield suspended headmaster from sexual abuse probe – Kwetey
    October 23, 2026
    NDC Elections: Darlas Ampomah Williams cautions against aspirants with ‘vendetta’ agenda against MMDCEs
    October 23, 2026
    Obuasi SHTS scandal: Minority criticises govt’s response to abuse allegations
    October 23, 2026
    Adwoa Safo reverses decision, declares intention to contest Dome-Kwabenya seat
    October 23, 2026
  • Entertainment
    EntertainmentShow More
    Akwaaba UK unveils December in Ghana 2026 events lineup
    October 19, 2026
    MzVee, Sista Afia, Ugoccie and Sefa celebrate life on new single ‘Enjoyment’
    October 16, 2026
    ‘There is life after cancer’ – Stephanie Benson
    October 15, 2026
    Stephanie Benson calls for performance schools in Ghana
    October 15, 2026
    Working alone is scary, but my fans keep me going – Larruso
    October 14, 2026
  • Sports
    SportsShow More
    UCL Match Day 3: PSG dominates Barca as Arsenal hold Bayern
    October 22, 2026
    GPL roundup: Medeama unbeaten run ends as Hearts and Kotoko get wins
    October 19, 2026
    Black Challenge fine-tune preparations for Mexico 2026 Amputee World Cup
    October 16, 2026
    Black Maidens name final squad for 2026 FIFA U-17 Women’s World Cup
    October 16, 2026
    UCL Match Day 2: Real Madrid and Barcelona get comeback wins as Manchester clubs suffer defeats
    October 15, 2026
  • Technology
    TechnologyShow More
    Dorcas Affo-Toffey engages Ceris Technologies on port digitalisation, cybersecurity
    October 22, 2026
    BoG Governor urges IMF to boost Africa’s AI and digital capabilities
    October 14, 2026
    One Million Coders Programme to create 100,000 digital jobs – Sam George
    October 13, 2026
    Yellow Card named Diamond finalist at the 2026 Money Awards
    October 1, 2026
    Samsung Galaxy Watch: A Healthier Heart Starts at Your Wrist
    October 1, 2026
  • International
    InternationalShow More
    Mahama meets UK Foreign Secretary Ed Miliband to strengthen Ghana-UK relations
    October 22, 2026
    UCL Match Day 3: PSG dominates Barca as Arsenal hold Bayern
    October 22, 2026
    President John Dramani Mahama advocates for clemency for 64 radio stations affected by NCA's regulatory shutdown, emphasising press freedom.
    ‘We are friends to all and enemies to none’ – Mahama courts global investors
    October 22, 2026
    Ghana pushes for IELTS exemption for students and professionals in UK
    October 22, 2026
    Over 1,000 Ghanaians secure jobs abroad through YEA Labour Exchange Programme – CEO
    October 21, 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.

 

Mining sector Training Fund Management C’ttee inaugurated
Aim at 1m tonnes – Nana Addo to new Cocoa marketing board
Tullow to drill 7 new wells across TEN, Jubilee fields
IMF warns of rising African debt
Swoon-worthy Ways to Celebrate this Valentine’s Day in Style
Share This Article
Facebook 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.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?