ICU urges President Mahama to revitalise VALCO, PBC and distressed state-owned enterprises
The Industrial and Commercial Workers' Union (ICU), Ghana, has appealed to President John Dramani Mahama to recapitalise and revive distressed state-owned enterprises, arguing that doing so would create thousands of jobs for unemployed youth and accelerate the country's industrialisation agenda. The appeal was contained in a resolution adopted at the union's 65th Regular National Executive…
The Industrial and Commercial Workers’ Union (ICU) of Ghana has urged President John Dramani Mahama to revitalise distressed state-owned enterprises, including VALCO and PBC PLC, in order to create jobs and accelerate industrialisation. The ICU made these appeals at their 65th Regular National Executive Council meeting, stating that reviving these enterprises would provide sustainable employment, strengthen local manufacturing, and reduce reliance on imports.
The union opposes the proposed sale of a 70% equity stake in VALCO to a private investor and commends the president for intervening in the affairs of PBC PLC. The ICU also identified several other state-owned enterprises, such as Aluworks Limited, Neoplan Ghana Limited, Akosombo Industrial Company Limited, and Volta Star Textiles Limited, that require urgent recapitalisation and operational support.
Brief written by urgent.news from MyJoyOnline Ghana's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
