The Member of Parliament for Evalue Ajomoro Gwira and Board Member of the Volta Aluminium Company Limited (VALCO), Kofi Arko Nokoe, has suggested that VALCO should not be sold.
He made the remarks in response to a question on concerns raised by the Industrial and Commercial Workers’ Union (ICU), which has strongly opposed any move to sell the state-owned aluminium company.
The union has warned that selling VALCO would amount to sacrificing a strategic national asset for private gain.
Speaking to the media on the sidelines of a retreat, Kofi Arko Nokoe said the ICU’s concerns have not yet been brought to the attention of the VALCO board.
He added that discussions are ongoing around plans to revamp and reposition the company to enhance its operations and long-term sustainability.
“Well, it hasn’t come to the attention of the board yet, but I believe that the story of VALCO is a good one. The passion of the CEO and the people, the workers, and the department heads is a positive one. This is a company that has lasted so long.
“It’s a company that the master plan should include, where we can have a refinery linking up to the end product. We’re talking about bauxite, a ton of bauxite selling at $40, $50. [Selling], that should not be because the story of VALCO is a positive one, and all it needs is support and investment,” he said.
