Ghanaian aluminium giant on the brink, government seeks foreign investment to restart operations
The CEO of the Ghana Integrated Aluminium Development Corporation (GIADEC) has disclosed that the government requires a staggering US$600 million investment to revive the beleaguered Volta Aluminium Company (VALCO), underscoring the urgent need to restore one of Ghana’s key industrial assets.
“VALCO is vital for our economy, but without this investment, revival is impossible,” the GIADEC CEO said, emphasizing the strategic importance of the plant to local industry and jobs.
WHY VALCO MATTERS
VALCO, once a pillar of Ghana’s aluminium sector, has faced decades of operational challenges, leaving the country reliant on imports and struggling with job losses. The proposed investment would:
- Restart production and modernize facilities
- Protect thousands of jobs
- Boost local aluminium supply for industries and exports
LOOKING FOR INVESTORS
The government is actively seeking both local and foreign investors, signaling a major economic opportunity for companies willing to commit to Ghana’s industrial growth.
THE BIGGER PICTURE
Reviving VALCO is not just about aluminium—it’s about industrialization, employment, and economic independence. Analysts warn that failure to secure investment could further weaken Ghana’s manufacturing sector, while successful revival could position the country as a regional aluminium hub.
“This is a critical moment for VALCO and for Ghana’s industrial future,” the GIADEC CEO concluded.
