President Mahama reaffirms Ghana’s investment drive, calls on global investors to partner Africa’s growth
President Mahama has urged global investors to partner with Ghana and tap into Africa’s growing opportunities at the Africa Business Investment Summit 2026.
The Industrial and Commercial Workers’ Union (ICU-Ghana) has called for a suspension of negotiations to transfer a majority stake in Volta Aluminium Company Limited (VALCO) to a private investor. The Union opposes the sale of the strategic national asset but supports its modernization. ICU's General Secretary, Morgan Ayawine, criticized the government's description of the transaction, saying it needed clarification.
The Union questioned how the prospective investor was chosen, pointing out that a Letter of Intent submitted in September 2025 was announced publicly in January 2026. The Union demanded an explanation of the consortium's suitability and the current investors' capabilities. It also sought transparency on Press Metal’s withdrawal from the deal.
ICU suggested alternatives like reliable power, State-backed funding, and reforms to modernize VALCO without losing government control. The Union, which opposed the proposed transfer since July 31, 2026, urged President Mahama to suspend negotiations while reviewing the concerns raised in a petition.
Written by urgent.news from MyJoyOnline Ghana's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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