ICU petitions President Mahama to stop VALCO sale, warns of national action over job losses

The Industrial and Commercial Workers' Union (ICU) has petitioned President John Dramani Mahama to halt the alleged sale of the Volta Aluminium Company (VALCO), warning of nationwide action if the government proceeds with plans to transfer a controlling stake to a private investor.

In a letter dated July 27, 2026, ICU General Secretary Morgan Ayawine said the union has credible information that the Ghana Integrated Aluminium Development Corporation (GIADEC) intends to release a 70 per cent equity stake in VALCO to Arch Holdings Consortium, effectively handing over management and operations to a private investor."VALCO is a strategic national asset that has witnessed significant progress in recent years and must therefore be protected and preserved for the benefit of present and future generations," the union stated.