ICU demands halt to proposed VALCO equity transfer
The Industrial and Commercial Workers’ Union (ICU-Ghana) has called for an immediate halt to negotiations between the government and a prospective strategic investor for the retooling and expansion of the Volta Aluminium Company Limited (VALCO), pending full disclosure of the terms and ownership structure of the proposed transaction. The union said it was not opposed … The post ICU demands halt…
The Industrial and Commercial Workers’ Union (ICU-Ghana) has urged an immediate suspension of discussions between the government and a private investor for the VALCO Aluminium Company. The union voiced concerns over the transfer of a significant portion of the state's equity in the company. Despite assurances from the Ministry of Lands and Natural Resources, the ICU maintains that this would amount to a substantial transfer of ownership and control.
The union was aware of no investor selection and criticized discrepancies regarding the timeline of announcements regarding the investor.
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