Chief Executive Officer of the Driver and Vehicle Licensing Authority (DVLA), Julius Neequaye Kotey, has expressed surprise over the significant debt inherited from his predecessor, Agyemang Busia.
Speaking in an interview on TV3, he revealed that the financial burden was unexpected and came as a shock to him.
“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,” he stated.
Providing details on the extent of the debt, Kotey disclosed that the cedi account is burdened with nearly GHC300 million, while the dollar account holds a debt of approximately $151 million.
“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 to $151 million,” he emphasized.
To address the issue, the DVLA boss has called for a system audit to gain a clearer understanding of the situation before taking any further steps.
“We are going for a system audit, so I can’t put the cat in front of the horse. After the system audit, we will know what the issues are,” he explained.
