The Driver and Vehicle Licensing Authority (DVLA) is grappling with a severe financial crisis, as newly appointed CEO Julius Neequaye Kotey has revealed staggering debts inherited from his predecessor, Kwasi Agyemang Busia.
Speaking on Class 91.3 FM’s morning show on Friday, March 28, 2024, Mr. Kotey disclosed that upon taking office, he was confronted with a $150 million debt in the DVLA’s dollar account and an additional GH₵300 million in outstanding liabilities.
“I don’t want to slander my predecessor, but the only thing he left me with is debt,” he stated.
One of the most critical challenges stemming from the financial shortfall has been the halt in license printing for nearly a year and a half, as the DVLA has been unable to settle debts with suppliers. The backlog has caused significant frustration among drivers and new applicants awaiting their licenses.
Despite the dire financial situation, Mr. Kotey has successfully negotiated with suppliers to resume the supply of materials needed for license printing—without requiring an advance payment from the DVLA.
“After I humbly engaged the suppliers, they willingly agreed to supply without any advance payment from DVLA,” he revealed, adding that license production will resume next week.
Beyond addressing the immediate debt crisis, the CEO emphasized that he intends to leverage Information Communication Technology (ICT) to resolve many of the DVLA’s systemic issues.
As Mr. Kotey works to restore essential services and stabilize the authority’s finances, the focus will be on ensuring smoother operations, improved efficiency, and financial prudence to prevent future crises.
