Government engages investors, needs US$ 700m to revive VALCO

Addressing the management and staff at the company’s premises in Tema on Thursday, Mr Buah said government required about 700 million dollars in investment to revive VALCO but did not have the resources, hence the need to engage investors.

Mr Emmanuel Armah-Kofi Buah, the Minister of Lands and Natural Resources, who gave the assurance, said the government required about US$ 700 million in investments to revive the VALCO but did not have the resources, hence the need to engage investors.

Mr Buah underscored the government’s vision to establish a smelter and refinery to drive Ghana’s industrialisation agenda, adding that industries relying on VALCO needed the company to operate efficiently.