An amount of GHc1.9 million expected to be refunded to the state by Smarttys Management and Productions Limited, the company at the centre of the bus re-branding saga has been reduced by over GHc400,000.
This follows the review of the amount by government.
[contextly_sidebar id=”f0WRNRNhTsjIMtNMetEQ3wfH2Inu9qFx”]The Attorney General, Marrietta Brew Oppong, had confirmed the total amount to be refunded by the Smarttys Management and Productions Limited has been reviewed from the initial GH¢1.9 million to GH¢1,548,608.04.
According to a statement released by the Flagstaff house, this review is because of the revised Value Added Tax position, revised Withholding Tax position and a set-off of GH¢27,173.74 being over deduction of withholding tax on the original payment.
Meanwhile, Smarttys have reached an agreement with the Attorney General to pay the full amount by the end of March this year.
Government’s decision to spend GHc3.6 million of Ghana’s oil revenue on re-branding some 116 Metro Mass Transit (MMT) buses has been widely criticized by many Ghanaians.
The scandal compelled the Transport Minister, Dzifa Attivor to resign after a massive public uproar.
The Chief of Staff, Julius Debrah subsequently ordered the Attorney General to investigate the matter after which Smarttys has been ordered to refund the excess payments made.
–
By citifmonline.com/Ghana