VALCO breaks years of losses, posts US$1.3m profit on US$103.5m revenue

The Volta Aluminium Company Limited (VALCO) has emerged from years of financial struggles to post a profit of US$1.3 million, driven by US$103.5 million in revenue, according to a report dated September 2026. Chief Executive Officer Dr. Robert Makila Sambian noted that this marks a significant turnaround for the state-owned aluminium producer after decades of challenges.

Speaking at a Ministry of Lands and Natural Resources presentation, Dr. Sambian highlighted improvements in staff behavior, operational reforms, and a renewed focus on efficiency as key factors in the financial turnaround. He emphasized that this achievement is a crucial milestone in the company's efforts to restore its financial health.

Dr. Sambian also revealed that VALCO has synchronized its operations with President John Mahama’s 24-hour economy initiative, implementing a schedule of one job, four shifts, and four workers to ensure continuous production. However, he acknowledged that sustained performance and full restoration of operations will require additional investment and work.

VALCO is actively seeking strategic investors to raise the necessary capital, with a long-term goal of boosting production to 1.5 million metric tonnes within the next decade. The CEO reiterated the company's commitment to enhancing its operations and regaining its position as a key contributor to Ghana's industrial development.