THE Industrial and Commercial Workers Union (ICU)-Ghana, has opposed the proposed diversification of government’s interest in the Volta Aluminium Company Limited (VALCO), stressing that it is a strategic national asset that must be protected.
The General Secretary of ICU-Ghana, Mr Morgan Ayawine, in a press statement issued and copied to The Ghanaian Times yesterday, said despite the challenges it faced, the solution to addressing those challenges did not lie in its sale.
“The current challenges confronting VALCO are not fundamentally different from those experienced in the past, and workable solutions can certainly be found, just as they were previously,” Mr Ayawine said.
He further expressed disappointment in the proposed sale of the national asset by some prominent figures to a private investor, despite the commitment and resilience demonstrated by Management of VALCO to address its challenges.
“Indeed, Management has demonstrated resilience and commitment by taking decisive steps to overcome existing difficulties and expand VALCO’s capacity to process bauxite into value-added products under the Ghana Integrated Aluminium Development Corporation (GIADEC) Project.
This progress was clearly evidenced in a publication in The Ghanaian Times of Thursday, January 8, 2026,” Mr Ayawine stated.
He, therefore, urged individuals involved in the proposed sale of VALCO to desist from such an act and allow management to formulate and implement policies that would help revive the company.
“National assets must be preserved, strengthened, and developed to serve the collective interest of Ghanaians, regardless of cost. They must not be disposed of for transient or personal gains,” Mr Ayawine noted.
Mr Ayawine further cautioned against the proposed sale of VALCO lands to private individuals, noting that “These lands are held in trust for the people of Ghana for future expansion and development of VALCO’s operations and are, therefore, not transferable.”
“Government must be mindful that Ghanaians are watching closely. It must not take actions that undermine the goodwill and commendation it has earned for its impressive first year in office.
“VALCO’s challenges are not insurmountable. What is required is collective commitment, investment, and support for the current Board and Management, not a push to hand over this strategic asset to private interests.
“Indeed, government must invest in VALCO and retain it as a national asset for the benefit of present and future generations,” Mr Ayawine added.
BY TIMES REPORTER
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