The vulnerability associated with the drudgery of drivers in the ride-hailing enterprise of the platform economy has come under both public scrutiny and scholarly study. There remains, however, a dearth of knowledge around how driver vulnerabilities are produced and maintained, and which actors drive those. This paper contributes to the discourse by unpacking how the political economy of digital capitalism plays out to undermine the fortunes of ride-hailing drivers in Ghana. Using qualitative interviews and focus group discussions, the paper shows that drivers’ vulnerabilities stem primarily from the unbridled control over the means of production, which are the digital platforms and the vehicles, as well as the ensuing unequal power relations between capital owners and drivers as capital producers. The paper also characterises the ambivalent role of the State as a capitalist agent that maintains the status quo, albeit nuanced. The need to interrogate alternatives to augment State regulation is therefore recommended for mediating the relationship between capital owners and drivers as capital producers. Effective alternatives would be reducing capital’s monopoly by replacing private, foreign platforms with local public platforms and strengthening drivers’ collective agency to mediate the excessive power of the capital owners.