The Driver and Vehicle Licensing Authority (DVLA) recorded a surplus of GH¢25 million in the 2025 financial year, up from GH¢5 million in 2024, its Chief Executive Officer (CEO), Julius Neequaye Kotey, disclosed.

Speaking at the Government Accountability Series at the Jubilee House on Monday, October 12, 2026, Kotey attributed the improvement to measures introduced to boost revenue mobilisation, reduce financial leakages and strengthen accountability.

He said management reviewed the Authority’s financial commitments and took steps to ensure all revenue due to the state was properly accounted for.

“In the 2025 fiscal year, DVLA contributed GH¢17.7 million into the Consolidated Fund and GH¢80.4 million into the Road Fund as statutorily required under the Road Fund Act, 1997 (Act 536),” he said.

According to Kotey, the GH¢80.4 million contribution to the Road Fund was the highest in the Authority’s history.

The contributions to the Consolidated Fund and the Road Fund amounted to GH¢98.1 million in total.

Kotey also revealed that the Authority had reviewed Service Level Agreements (SLAs) inherited by the current management, which he said involved annual commitments of US$51.8 million.

He said the agreements had been renegotiated, resulting in a new cost of GH¢2 million for the 2026–2028 period, with projected annual savings of approximately US$50 million.

However, the basis of the revised GH¢2 million cost requires further clarification, particularly whether it represents an annual payment or the total cost for the three years.

The CEO said the financial reforms were aimed at ensuring that more resources were available for public purposes while allowing the Authority to continue providing essential vehicle licensing and registration services.

Kotey further pointed to improvements in revenue generated from dealer’s plates and the detection of suspected improperly cleared vehicles as part of efforts to tighten operational controls.

The measures, he said, formed part of broader efforts to improve revenue collection and prevent losses.

The latest figures represent a significant increase in the DVLA’s reported surplus, from GH¢5 million in 2024 to GH¢25 million in 2025, amid management’s efforts to improve the Authority’s financial performance and accountability.

NA/VPO