Connect with us

Politics

VALCO Strategic Equity Capitalization: Minority Backs Workers, Demands Full Transparency

Published

on

The Minority Caucus in Parliament has thrown its full support behind workers of the Volta Aluminium Company Limited (VALCO), describing their recent protest as a legitimate effort to protect one of Ghana’s most strategic national assets.

In a press statement issued on July 29, 2026, and signed by Hon. Kwaku Ampratwum-Sarpong, Ranking Member of Parliament’s Select Committee on Lands and Natural Resources, the Minority accused the government of pursuing a secretive process regarding what it describes as a “strategic equity capitalization” of VALCO.

According to the Minority, the concerns raised by VALCO workers should not be dismissed as political propaganda. Instead, they argued that the workers possess firsthand knowledge of the company’s operations and are best placed to identify potential threats to its future.

“These are the men and women who keep VALCO running every single day. They understand its operations and its future. Government must listen instead of hiding behind hurried press statements issued only after public outrage,” the statement said.

Questions Over Strategic Equity Capitalization

The Minority questioned the true meaning of the government’s proposed strategic equity capitalization, asking whether it could involve:

* Selling part of VALCO.
* Transferring ownership.
* Surrendering management control.
* Privatizing the company under another name.

The caucus argued that if the government believes the process serves Ghana’s national interest, it should openly present every detail to Parliament and the Ghanaian people instead of using corporate terminology that conceals public policy decisions.

Minority Cites VALCO’s Return to Profitability

The statement highlighted that the Chairman of the VALCO Board recently announced the company had recorded a profit of US$3.19 million during the first half of 2026, describing it as a remarkable turnaround after years of financial challenges.

According to the Minority, the government’s latest proposal appears contradictory.

“If VALCO is profitable and recovering, why is the government now pursuing a strategic equity capitalization?” the statement questioned.

The caucus further demanded explanations regarding the company’s financial position, balance sheet and what economic justification exists for restructuring ownership when the company has reportedly returned to profitability.

Warns Against State Capture

The Minority also expressed concern about what it described as a growing concentration of influence over Ghana’s aluminium industry.

It argued that when institutions responsible for policy formulation, regulation, approvals and management of strategic national assets are occupied by individuals with previous professional relationships linked to the same business interests, public confidence is undermined.

According to the statement, such circumstances create conditions that encourage state capture, favouritism and predetermined outcomes.

“VALCO Belongs to the People of Ghana”

The Minority stressed that VALCO is a strategic national asset central to Ghana’s Integrated Aluminium Industry and broader industrial transformation agenda.

The statement warned that after the loss of Black Volta and Damang, Ghanaians cannot afford to lose another strategic national asset through decisions made behind closed doors.

It insisted that VALCO’s ownership should not be altered through secrecy and that the company’s future should be determined transparently with the involvement of the Ghanaian people.

Minority’s Seven Demands

The Minority Caucus called on the government to immediately publish:

1. The complete framework governing the strategic equity capitalization process.
2. VALCO’s latest audited financial statements, including its balance sheet, income statement and cash flow position.
3. The independent valuation of VALCO.
4. The proposed equity structure.
5. The identities of all prospective strategic investors.
6. The criteria used in selecting any strategic investor.
7. Every Cabinet, Board and ministerial approval underpinning the process.

The caucus maintained that Ghanaians deserve facts rather than vague explanations regarding the future of a strategic national asset.

Minority Vows to Resist

The Minority warned that it would use every constitutional, legal and parliamentary mechanism available to resist any attempt to place VALCO under what it described as politically connected interests.

The caucus concluded that the concerns raised by VALCO workers reflect broader public interest and urged the government to provide full disclosure.

“The workers have spoken. The Ghanaian people are watching. Government must come clean,” the statement concluded.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Politics

LOUIS APPIAH APPOINTED DIRECTOR OF EVENTS AND PROGRAMMES FOR NPP NATIONAL YOUTH WING

Published

on

Louis Appiah, popularly known as Commander OD4, has been appointed Director of Events and Programmes for the National Youth Wing of the New Patriotic Party (NPP), bringing his years of experience in student leadership, grassroots mobilisation and party organisation to the national level.

The appointment, reported on Wednesday, October 14, 2026, is expected to see him play a key role in coordinating activities, organising programmes and supporting the mobilisation efforts of the party’s youth wing.

Appiah has built his political career through various leadership positions, beginning with student politics at Koforidua Technical University (KTU), where he served as Finance Officer of the Students’ Representative Council (SRC). He later became Eastern Regional SRC President and National Director of Finance for the University of Cape Coast’s Distance Education Students’ Association of Ghana (DESAG-UCC).

Within the NPP, he served as President of the Tertiary Students Confederacy Network (TESCON) at KTU during the 2011/2012 academic year before taking up roles at the polling station and constituency levels.

From 2018 to 2022, Appiah served as New Juaben South Constituency Youth Organiser, where he was involved in grassroots organisation and mobilisation. He also served as Director of Operations for the NPP during the 2020 general elections and reportedly held a deputy campaign coordination role in the constituency ahead of the 2024 elections.

His experience in party communication also forms part of his background, having been active in the NPP Communication Wing since 2011.

The new appointment comes as the NPP’s national leadership prepares to strengthen party structures and organise its activities ahead of the 2028 general elections.

As Director of Events and Programmes, Appiah is expected to contribute to the planning and coordination of youth-wing activities, although the full details of his official mandate have not been publicly outlined in the reports reviewed.

His appointment adds another responsibility to a political journey spanning student leadership, constituency organisation and national campaign activities.

Continue Reading

Politics

ADEHYE FM MORNING SHOW HOST FILES FOR NDC ASHANTI REGIONAL DEPUTY SECRETARY POSITION

Published

on

Popular broadcaster Prince Ofori Atta, host of Adehye FM’s morning show, has officially filed his nomination to contest for the position of Deputy Ashanti Regional Secretary of the National Democratic Congress (NDC), outlining his ambition to strengthen the party’s structures ahead of the 2028 general elections.

Mr Ofori Atta filed his nomination forms at the NDC’s regional party headquarters on Thursday, October 15, 2026, formally advancing his bid for the influential regional executive position.

Campaigning under the banner “POA2026,” the journalist says his ambition is driven by the need to improve party administration, strengthen communication and reconnect the regional leadership with grassroots members.

Speaking after filing his forms, Mr Ofori Atta urged party delegates to prioritise competence, experience and leadership ability when choosing their next Deputy Regional Secretary.

He also cautioned against allowing financial inducements to dominate the internal electoral process, arguing that the party’s organisational strength and readiness for future elections should take precedence over monetary considerations.

His campaign is built around the themes “Service Above All” and “Changing the Narratives,” with proposed priorities including improved political education, greater youth participation and more effective communication between regional executives and constituency officers.

If elected, he says he intends to help establish a more proactive regional secretariat capable of supporting constituency and branch executives, coordinating party activities and improving the flow of information throughout the region.

The Deputy Regional Secretary position is an important administrative role within the party’s regional structure, supporting the Regional Secretary in coordinating activities and implementing decisions.

Ofori Atta’s entry adds a media personality to the contest as the NDC prepares to select regional executives who will help manage its organisation and mobilisation in the Ashanti Region.

With the 2028 general elections on the horizon, the race is expected to focus on candidates’ ability to strengthen grassroots engagement, promote unity and improve internal party coordination.

Continue Reading

Politics

NPP REJECTS EMELIA AGBENYO’S EC APPOINTMENT, DEMANDS MAHAMA WITHDRAW NOMINATION

Published

on

The opposition New Patriotic Party (NPP) has mounted a strong objection to President John Dramani Mahama’s appointment of Emelia Afi Agbenyo as a Deputy Chairperson of the Electoral Commission (EC), demanding that the President withdraw the appointment over concerns about her political neutrality.

In a statement issued on Tuesday, October 13, 2026, and signed by its National Communications Director, Dennis Miracles Aboagye, the NPP argued that Ms Agbenyo’s previous involvement in the governing National Democratic Congress (NDC) raises questions about her ability to discharge her duties impartially at the electoral management body.

The party cited her reported role as the NDC’s governance sector spokesperson during the preparation of its 2024 manifesto, as well as her alleged participation in campaign rallies and activities ahead of the 2024 general elections.

According to the NPP, appointing someone with such a political background to the leadership of an institution responsible for organising elections could undermine public confidence in the electoral process, particularly as the country approaches the 2028 general elections.

The party also accused President Mahama of contradicting his earlier position on political appointments to the Electoral Commission. It recalled that in March 2023, he reportedly criticised the appointment of individuals he described as party activists to the Commission and advocated an amendment to Article 43(2) of the 1992 Constitution to require parliamentary approval for such appointments.

The NPP has consequently called on the President to withdraw Ms Agbenyo’s appointment and urged the Council of State to explain the advice it provided regarding the decision.

The party further wants the ongoing constitutional review process to address the appointment of Electoral Commission members, arguing that reforms are necessary to strengthen confidence in the institution’s independence.

However, the concerns raised by the NPP represent the party’s position and do not, by themselves, establish that Ms Agbenyo would perform her duties with political bias.

Ms Agbenyo was sworn into office on October 12 alongside Dr Joseph Kwaku Asamoah. President Mahama urged both appointees to perform their constitutional responsibilities independently and impartially, without favouring any political party or candidate.

Continue Reading

Politics

NPP HALTS CAMPAIGN ACTIVITIES: Parliamentary Aspirants Face Disciplinary Action Over Early Campaigning

Published

on

The New Patriotic Party (NPP) has directed all prospective parliamentary aspirants to immediately cease campaign activities, warning that violators could face disciplinary sanctions, including consequences for their eligibility to contest.

In a statement dated October 11, 2026, and signed by General Secretary Justin Kodua Frimpong, the party said it had received numerous complaints about members seeking parliamentary positions who had begun campaigning in various constituencies ahead of the official timetable.

According to the statement, the activities contravene the party’s regulations and Code of Conduct, creating an uneven playing field and threatening the unity and discipline required for the party’s success.

The directive takes immediate effect and covers all prospective parliamentary aspirants, their agents and supporters. They have been ordered to suspend every form of campaign activity until further notice.

Among the prohibited activities are mounting posters, billboards, banners and other branded materials; organising rallies, polling station executives’ meetings or constituency tours to solicit support; distributing items or inducements to delegates and party members; and running paid media or social media advertisements promoting a candidature.

The party has also warned its officers at polling station, electoral area, constituency, regional and national levels, as well as the Tertiary Students Confederacy (TESCON), against promoting prospective aspirants on social media or facilitating premature campaign activities.

The statement cautioned that anyone who fails to comply would be dealt with under the party’s disciplinary procedures, with possible implications for their eligibility to contest in the party’s parliamentary primaries.

Meanwhile, the NPP leadership said the timetable and guidelines for its parliamentary processes would be announced in due course. Constituency and regional executives have been tasked with ensuring strict compliance within their respective jurisdictions.

The directive signals the party leadership’s intention to maintain order in its internal electoral processes and prevent aspirants from gaining an early advantage before the official campaign period begins.

Continue Reading

Politics

MAHAMA EMBARKS ON TWO-DAY AHAFO TOUR: PRESIDENT SETS SIGHTS ON REGIONAL DEVELOPMENT UNDER ‘RESETTING GHANA’ AGENDA

Published

on

President John Dramani Mahama has begun a two-day working visit to the Ahafo Region as part of his nationwide ‘Resetting Ghana’ tour, with attention expected to focus on development priorities and engagement with local communities.

President John Dramani Mahama has commenced a two-day working visit to the Ahafo Region as part of his broader Resetting Ghana agenda, an initiative associated with his administration’s vision for national development and improved governance.

The visit is expected to provide an opportunity for the President to engage with regional stakeholders, assess local development needs and discuss issues affecting residents and communities across the region.

The Ahafo tour also places the region’s development priorities in focus, particularly concerns relating to infrastructure, employment, healthcare, education and economic opportunities. However, the specific projects and policy issues scheduled for discussion during the visit have not been confirmed in the information provided.

As part of the working tour, attention will be on the President’s engagements with local authorities and other stakeholders, as well as any announcements or commitments that may emerge from the visit.

The Resetting Ghana agenda has been presented as a broader framework for addressing national challenges and improving the country’s development trajectory. The Ahafo visit offers another opportunity for the administration to engage with people at the regional level and hear concerns about local conditions and priorities.

Residents and other stakeholders will be watching closely for concrete outcomes from the engagements, including any commitments on development projects, public services and economic growth.

The central question is what tangible benefits the two-day visit will deliver for the people of Ahafo and how any commitments made will translate into action.

Further details on the President’s itinerary, scheduled meetings and specific announcements are needed to establish the full scope of the visit.

Continue Reading

Trending