Siena:Jubilee House The Driver and Vehicle Licensing Authority (DVLA) has reported a substantial increase in its financial surplus, reaching GHS25 million in 2025, up from GHS5 million in the previous year. This achievement was announced by DVLA’s Chief Executive Officer, Julius Neequaye Kotey, during the Government Accountability Series event held at the Jubilee House on October 12, 2026.
According to Ghana Web, Kotey credited the surplus to new strategies aimed at enhancing revenue collection, reducing financial leakages, and strengthening accountability within the organization. He highlighted that the management undertook a review of the Authority’s financial obligations to ensure proper accounting of all state revenue.
In 2025, the DVLA contributed GHS17.7 million to the Consolidated Fund and GHS80.4 million to the Road Fund, as mandated by the Road Fund Act of 1997. The GHS80.4 million contribution to the Road Fund marked a record high for the Authority.
The combined contributions to the Consolidated Fund and the Road Fund totaled GHS98.1 million. Kotey also discussed the review of Service Level Agreements (SLAs) that had been carried over by the current management, which initially involved annual commitments of US$51.8 million. The renegotiation of these agreements led to a reduced cost of GHS2 million for the period from 2026 to 2028, projecting annual savings of around US$50 million. However, clarification is needed on whether the GHS2 million cost is yearly or covers the entire three-year period.
Kotey emphasized that the financial reforms were designed to allocate more resources for public use while maintaining the provision of essential vehicle licensing and registration services. He also noted improvements in revenue from dealer’s plates and the identification of suspected improperly cleared vehicles as part of efforts to enhance operational controls. These measures are part of a broader initiative to bolster revenue collection and prevent financial losses.
The significant rise in DVLA’s surplus from GHS5 million in 2024 to GHS25 million in 2025 reflects management’s dedication to improving the Authority’s financial performance and accountability.