{
  "id": 13986995,
  "title": "DVLA records GH¢25 million surplus in 2025 as contributions to state funds reach GH¢98.1 million",
  "url": "https://urgent.news/2026/10/12/dvla-records-gh-25-million-surplus-in-2025-as-contributions-to-state",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-12T15:18:01.000Z",
  "source": {
    "name": "MyJoyOnline Ghana",
    "slug": "myjoyonline-ghana",
    "url": "https://www.myjoyonline.com/dvla-records-gh%c2%a225-million-surplus-in-2025-as-contributions-to-state-funds-reach-gh%c2%a298-1-million/"
  },
  "original_language": "en",
  "account": "In the 2025 financial year, the Driver and Vehicle Licensing Authority (DVLA) recorded a surplus of GH¢25 million, marking an increase from GH¢5 million in 2024, according to their CEO Julius Neequaye Kotey. Kotey attributed the Authority's financial success to initiatives focused on boosting revenue collection, tackling loss channels, and enhancing accountability in their operations. He explained that the DVLA had reviewed existing financial obligations and put measures in place to ensure that funds allocated to the state were accurately recorded. For 2025, the DVLA contributed GH¢17.7 million to the Consolidated Fund and an unprecedented GH¢80.4 million to the Road Fund, as mandated by the Road Fund Act, 1997 (Act 536). This marked the highest contribution to the Road Fund in the Authority's history, resulting in a total of GH¢98.1 million contributed to both funds. Kotey also disclosed that the Authority had reassessed Service Level Agreements inherited by the DVLA, committing a reduced annual cost of GH¢2 million for the 2026–2028 period, projected to save around US$50 million each year. The specifics of the revised Service Level Agreement cost, whether it pertains to a yearly amount or the total over the three years, necessitate further clarification. Kotey emphasized that the Authority's financial reforms aim to preserve more resources for public use while maintaining the provision of critical licensing and registration services. Additionally, improvements in dealer's plate revenue and the identification of vehicles with incorrect clearance certificates underscore efforts to tighten controls and curtail revenue losses.",
  "summary": "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, according to its Chief Executive Officer, Julius Neequaye Kotey.",
  "key_points": [
    "DVLA recorded GH¢25 million surplus in 2025, up from GH¢5 million in 2024",
    "Authority contributed GH¢98.1 million to state funds, including GH¢80.4 million to Road Fund",
    "DVLA reduced annual Service Level Agreement cost by GH¢2 million for 2026–2028"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "GBC Ghana",
        "title": "DVLA contributes GH¢98.1 Million to Mandatory Funds in 2025",
        "url": "https://urgent.news/2026/10/12/dvla-contributes-gh-98-1-million-to-mandatory-funds-in-2025",
        "published": "2026-10-12T13:20:14.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}