Another promise? VALCO will rise again – Mahama

President John Mahama said government is committed to revamping the Volta Aluminum company limited (VALCO) and make it more efficient.

  • Published:
President John Mahama promise to revive VALCO play

President John Mahama promise to revive VALCO

24/7 Live - Subscribe to the Pulse Newsletter!

President John Dramani Mahama on Tuesday gave the assurance that government will do everything under its purview to revive the Volta Aluminum Company (VALCO) to take its rightful position in the smelting of alumina in the country.

He said he had directed the Ministry of Power to make available all excess power to VALCO as soon as the current challenges were stabilized.

President Mahama gave the assurance when he paid a working visit to the company to ascertain its current operational levels.

He was accompanied by Dr. Kwabena Donkor, Minister of Power and Dr. EKwow Spio-Garbrah, Minister of Trade and Industry, among other dignitaries.

President Mahama, who earlier inaugurated the Enclave Power Company substation in Tema, said VALCO which was the flagship project of the late President Kwame Nkrumah, will be given all the necessary support to reclaim its past glories.

“You are in competition with other smelting companies in the world, and we shall do everything possible to provide cheaper power for you to carry out your activities to the maximum.”

He said the power shortages over the years did not affect only the VALCO, but other companies, such as the Tema Oil Refinery and the Drydock Company that had suffered partial closures.

President Mahama said the generation of more power in the coming years will also help in the revival of some of the defunct companies that were closed down over the years.

He said government had already revived the Kumasi GIHOC Shoe Factory and the Komenda Sugar Factory,  and with more power, government would revive the Aboso Glass Factory,  to supply bottles to beverage companies and glass for industry.

President Mahama explained that, the importation of certain goods was becoming expensive and therefore reviving such companies would stabilize the economy in the coming years.

“VALCO will see its glorious days again,” President Mahama added.

The President commended Management and staff for keeping the premises of the company very neat despite the current challenges they were facing.

Source: GNA

Download our mobile app today.

Android - Google Play Store

iPhone - Apple App Store

Recommended Articles

Recommended Videos





Top Articles

1 Women’s March Women in Accra march against Donald Trumpbullet
2 Vetting Ablakwa replies Osafo Marfo over 'small boy' commentbullet
3 Homosexuality Dag Heward-Mills’ anti-gay sermon causes controversy...bullet
4 Energy Minister-Designate I was shot during PNDC era – Boakye Agyarkobullet
5 Photo Duncan Williams leads prayers at Donald Trump's...bullet
6 Ministerial Vetting Boakye Agyarko’s approval in limbo?bullet
7 Koforidua Ghanass student killed after tree falls on him; 6...bullet
8 Social media reaction Dag Heward-Mills' anti-gay sermon...bullet
9 Ministerial Vetting I didn’t do national service –...bullet
10 Fired! We will ‘definitely lay off’ people appointed...bullet

Top Videos

1 In Zimbabwe President Mugabe’s 70 year-old aide marries his 23-year-old...bullet
2 Refugee Ghanaian to lose fingers after 7-hour trek to cross US borderbullet
3 Vitiligo Enam Honya - is challenging what you think about beautybullet
4 Obinim What happen'd when we fact checked Obinim's Bible knowledgebullet
5 Obinim saga We had sex only once - Obinim victims confessbullet
6 Video Taxi driver terrified after an encounter with a ghostbullet
7 Kwame Nkrumah Interchange Water leaks from hole in wall at...bullet
8 Watch Kumchacha delivers Counselor Lutterodt from 'demons'bullet
9 Meet Aisha the female mate who aspires to be a driverbullet
10 Woyome Judgement Debt Kweku Baako dances over Amidu's winbullet

News