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July 30, 2026
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Government seeks investors to restore VALCO’s lost production capacity
Money
Policy
Opportunity
Growth
Key Points
- Ghana's government is actively seeking strategic investors to restore the operations of the Volta Aluminium Company (VALCO).
- VALCO has suffered years of financial and operational difficulties, leading to production far below its installed capacity (90 out of 500 reduction cells operational).
- The Minister for Lands and Natural Resources, Emmanuel Armah-Kofi Buah, emphasized the need for new investment, technology, and expertise to modernize and revitalize the company.
- Buah clarified that the government's objective is solely to revive VALCO as a viable national asset, not to sell it.
- A stronger VALCO is anticipated to contribute significantly to job creation, local value addition to mineral resources, strengthen manufacturing, and improve industrial competitiveness.
Why This Matters
The potential revival of VALCO is critical for Ghana's industrialization agenda, as the company is a cornerstone of the country's aluminium sector. Success in attracting strategic investors will not only restore a vital national asset, creating jobs and boosting local value addition, but also signal Ghana's commitment to industrial growth and its attractiveness for foreign direct investment in key sectors.
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