I was shocked after knowing of DVLA’s GHC300m debt – CEO Kotey

Chief Executive Officer of the Driver and Vehicle Licensing Authority (DVLA), Julius Neequaye Kotey, has expressed shock over the huge debt inherited from his predecessor, Mr. Agyemang Busia.

Neequaye Kotey explained that he never expected to inherit such debt given the operations of the DVLA, stating that the Authority earns some amount of money from all its operations.

According to him, the DVLA currently has debts of GHC300 million and $151 million.

“The legacy debts, I never expected anything like that but here I am faced with it. When you check our operations everything we do, there’s some amount of money on it so for me to have this debt from my predecessor, Mr. Agyemang Busia it came with a shock.

“Let me be very specific with you, for the cedi account, it is close to GHC300 million and for the dollar account, it is close $151 million,” he told Keminni Amanor on TV3’s Hot Issues, Sunday, March 30.

When asked about what accounted for these debts, Julius Kotey noted that the DVLA will soon undergo a full-scale audit in order to determine the cause of the debt.

“We are going for a system audit so I can’t put the cat in front of the horse so after the system audit, we will know what the issues are,” he added.

The CEO further revealed how a company which signed contract with DVLA in 2023 is expected to be paid an amount of GHC160 million for the three-year contract yet the actual work of the company is unknown.

Mr. Kotey disclosed that the contract has since been forwarded to the Transport Minister, Joseph Bukari Nikpe for further action.

“There’s one which is very alarming. There’s a company which I will not mention the name, they had an agreement with DVLA and anybody you ask doesn’t seem to know what the real work of the company is, they are supposed to do some system monitoring and something and the Ministry of Finance is supposed to pay about GHC 50 million every year.

“We are in the third year and they never paid any pesewa and we are in the third year and they expect us to pay all these monies.

“The contract was signed in 2023 so far as we started with the same software on January 1, we have committed into that contract to the end of the year and its amounting to about 160 million Ghana cedis for that company alone.

“So I have sent the contract to the sector minister who is also a member of parliament for Saboba then we take it and see what the issues are.

“Because we are already doing the roadworthy so the system that comes with it I thought it would be a combined contract for us but they are different,” he stated.

The post I was shocked after knowing of DVLA’s GHC300m debt – CEO Kotey first appeared on 3News.

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