The Minister for Lands and Natural Resources, Emmanuel Armah-Kofi Buah, has announced that the government is taking decisive steps to revamp the Volta Aluminium Company Limited (VALCO) as part of efforts to enhance value addition, restore profitability, and attract strategic investment into Ghana’s aluminium industry.

According to the Minister, the initiative forms part of a broader national strategy to maximise the country’s aluminium value chain, create sustainable jobs, and stimulate economic growth through increased local processing and industrial activity.

Speaking during a visit to VALCO on Tuesday, October 28, Mr. Buah revealed that the government has already begun engaging potential investors and strategic partners to drive the company’s transformation and position it as a competitive player in the global aluminium market.

“We are still stuck, not even close to the two pots that we are striving for. Because of that, it really hinders profitability and brings about inefficiency in energy use. But we also know the potential of VALCO. Just the first phase of the value addition that has been done is translating into all the things you see here. It tells you that this is a sleeping lion that we must all work hard to awaken,” he said.

Mr. Buah stressed that revitalising VALCO is central to the government’s industrialisation and natural resource development agenda, aimed at ensuring that Ghana derives greater value from its mineral resources.

He reaffirmed government’s commitment to building an integrated aluminium industry, from mining and refining bauxite to smelting and fabrication, to position Ghana as a hub for aluminium production in Africa.