Lands Minister inaugurates negotiation team for modernisation of VALCO
Inaugurating the team, the sector minister emphasised Government’s commitment to revamping VALCO to make it efficient, profitable and globally competitive, while protecting the strategic national interest in the aluminium value chain.
The Ghanaian government has formed a team to negotiate with a potential strategic investor for the modernisation of the Volta Aluminium Company Limited (VALCO). The team was inaugurated by the Minister for Lands and Natural Resources, Emmanuel Armah-Kofi Buah, according to Adom Online. The goal is to bring in a partner that can provide the necessary capital and technical support to improve VALCO's efficiency.
The prospective investor will be evaluated based on their financial capacity, technical expertise, experience in operating aluminium smelters, and willingness to invest in Ghana's aluminium industry, as per Adom Online. The Minister emphasised the importance of transparency in the negotiations and the need to protect Ghana's interests, as reported by Adom Online.
VALCO is currently facing operational difficulties, with the number of active cells at the smelter declining from 127 in 2025 to about 90, according to Adom Online. The government aims to transform VALCO into a profitable and internationally competitive company.
Brief written by urgent.news from 3News, Adom Online, Starr FM — 3 reports on this story. Machine-written — may contain errors; check the original before relying on it.
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