ELS: MBN360 Politics
The Minority Caucus in Parliament has called on the government to immediately publish full details of its proposed “strategic equity capitalisation” plan for the Volta Aluminium Company Limited (VALCO), arguing that Ghanaians deserve complete transparency about the future of one of the country’s most strategic national assets.
In a statement signed by the Ranking Member on Parliament’s Select Committee on Lands and Natural Resources and Member of Parliament for Mampong, Kwaku Ampratwum-Sarpong, on behalf of the Minority Caucus, the opposition expressed solidarity with VALCO workers who recently demonstrated over concerns about the company’s future.
The Minority described the workers’ protest as a legitimate call for transparency rather than a politically motivated action.
“The Minority Caucus in Parliament stands in unwavering solidarity with the workers of the Volta Aluminium Company Limited (VALCO), who courageously took to the streets to defend one of Ghana’s most strategic national assets. Their demonstration must not be trivialised. These are not politicians. These are not propagandists,” the statement said.
The Caucus questioned the government’s use of the term “strategic equity capitalisation”, arguing that it has failed to clearly explain what the proposed arrangement entails.
It asked whether the plan could involve the sale of part of VALCO, a transfer of ownership, the surrender of management control, or privatisation under a different name.
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“Why is the Government unable to speak plainly to the Ghanaian people? National assets cannot be managed through corporate jargon deliberately crafted to conceal the true nature of public policy,” the statement said.
According to the Minority, if the government believes the proposed process is in the national interest, it should have no difficulty placing every detail before Parliament and the Ghanaian people.
The Caucus also questioned the timing of the proposed restructuring, noting that VALCO’s Board recently announced the company had recorded a profit of US$3.19 million in the first half of 2026.
“If VALCO is recovering… if VALCO is profitable… then why is the Government suddenly pursuing what it calls a ‘strategic equity capitalisation’?” the statement asked.
The Minority is demanding the immediate publication of the complete framework governing the proposed equity capitalisation process, VALCO’s latest audited financial statements, an independent valuation of the company, the proposed equity structure, the identities of all prospective strategic investors, the criteria used to select them, and all Cabinet, Board and ministerial approvals relating to the process.
“Ghanaians deserve facts, not vague terminology,” the statement concluded.
