Government sets up team to negotiate VALCO strategic partnership
The government has taken a major step towards reviving the Volta Aluminium Company Limited (VALCO), inaugurating a dedicated team to negotiate with a prospective strategic investor to modernise and expand the Tema-based aluminium smelter.
The government has established an eight-member Negotiations Team to pursue a strategic partnership for reviving the Volta Aluminium Company Limited (VALCO). This team, which began its work on August 21, 2026, will negotiate with a potential investor to provide the necessary capital and technical support to modernize and expand VALCO's operations in Tema.
The Minister for Lands and Natural Resources, Emmanuel Armah-Kofi Buah, emphasized the government's commitment to VALCO's survival and sustainability. He stressed the importance of transparency, diligence, and maximizing value during the negotiations. The team will focus on evaluating the technical capabilities, financial strength, smelter-operating experience, and long-term investment plans of potential partners.
VALCO has faced numerous challenges, including declining production due to aging equipment, power shortages, and supply chain issues. The government aims to strike a deal that preserves jobs, secures the company's future, and safeguards national industrial interests without implying an outright sale of the company.
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