Ghana's Petroleum Revenue: KPMG Report Reveals Discrepancy

Ghana's Petroleum Revenue: A KPMG Report Challenges SML's Claims. A recent interview highlighted a discrepancy between the steady rise in petroleum revenue in Ghana from 2015 to 2023, as shown in a KPMG report, and claims made by the company SML, which began operations in June 2020. The interviewee stated, "...the KPMG report shows a consistent increase in revenue, primarily due to higher taxes and tax rates." However, a dip in revenue was observed in 2017, coinciding with a decrease in tax rates. The interviewee emphasized the need for careful data analysis, stating, "If you're a professor with a PhD, you're expected to apply common sense and academic rigor." This situation underscores the importance of transparency and accurate reporting in the energy sector.