Ghana: VALCO To Suspend Operations

The Volta Aluminium Company (VALCO) Limited will, with effect from tomorrow, suspend its operations, due to inadequate power supply from the Akosombo Dam.

The shutdown, the 11th in the history of VALCO since its establishment in 1967, will result in declaring majority of the 700 labour force redundant.

Dr Charles Mensa, Chief Executive of the smelting plant in which the state has 90 per cent shares with 10 per cent for ALCOA, described the latest action as regrettable and a disappointment to those who looked up to VALCO to realise the late President Nkrumah