Government cannot celebrate VALCO’s profitability and quietly restructure its ownership — Minority

The Minority Caucus in Parliament has questioned the government’s decision to pursue what it describes as a “strategic equity capitalization process” for the Volta Aluminium Company Limited (VALCO), arguing that the move contradicts recent announcements that the state-owned aluminium smelter has returned to profitability.“The issue before Ghana is much bigger than any individual,” the statement said, adding that government must explain in clear terms what it means by the proposed “strategic equity capitalization process.”Describing VALCO as a strategic national asset central to Ghana’s integrated aluminium industry and industrial transformation agenda, the Minority insisted that the company’s future cannot be determined behind closed doors.