The Chief Executive Officer (CEO) of the Driver and Vehicle Licensing Authority (DVLA), Julius Neequaye Kotey, has expressed concern over the substantial debts inherited from his predecessor, Kwasi Agyemang Busia.
Speaking on Class 91.3 FM’s morning show on Friday, March 28, 2024, Kotey revealed that upon assuming office, he discovered significant financial liabilities left by Mr. Busia.
“I don’t want to slander my predecessor, but the only thing he left me with is debt,” he remarked.
According to Kotey, the DVLA’s dollar account has an outstanding debt of approximately $150 million, while the cedi account holds a debt of about GH¢300 million.
He attributed the financial challenges to prior engagements made by the former CEO, which the authority currently lacks the funds to settle.
One of the most pressing issues resulting from the debt is the lack of license printing for nearly a year and a half, as suppliers have not been paid.
However, Kotey offered a glimmer of hope by announcing that he has successfully negotiated with suppliers to resume deliveries, enabling the printing of licenses to begin next week.
“After I humbly engaged the suppliers, they willingly agreed to supply without any advance payment from the DVLA,” he stated.
He also assured the public of his plans to use Information and Communication Technology (ICT) to address many of the DVLA’s major challenges.
The CEO shed light on the financial difficulties facing the DVLA as he works to resolve the debt crisis and restore essential services, including the issuance of driver’s licenses.
Source: classfmonline.com
