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ICU-Ghana vows to protect VALCO, opposes foreign equity

Kennedy Odame TwumasibyKennedy Odame Twumasi
April 2, 2026
Reading Time: 2 mins read
Newly Inaugurated Executives of ICU-Ghana

Newly Inaugurated Executives of ICU-Ghana

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The Industrial and Commercial Workers’ Union (ICU-Ghana) has reaffirmed its commitment to working with all stakeholders to stabilise and optimise operations at Volta Aluminium Company Limited (VALCO) for the benefit of the country.

This assurance was given at the inauguration of the newly elected Local Union Executives of VALCO in Tema on Tuesday, March 31, 2026.

Speaking on behalf of the General Secretary, Morgan Ayawine, the Deputy General Secretary (Operations), Emmanuel Baah Benimah, emphasised that despite ongoing operational challenges, VALCO remains a critical national asset that must be protected and strengthened.

He stressed that ICU-Ghana will continue to collaborate with the government, management, and other stakeholders to ensure the company’s long-term sustainability.

However, the union strongly opposed any move to introduce foreign equity into VALCO, insisting that the company must remain wholly Ghanaian-owned.

“VALCO is a strategic national asset of which we are immensely proud. Not even the smallest fraction of it should be ceded to local or foreign interests through equity participation. VALCO belongs to the people of Ghana, and the Government, as their representative, must explore all lawful means to recapitalise the company without resorting to equity divestment, which we consider inimical to the national interest,” he stated

He noted that while VALCO’s current difficulties are not new, they can be addressed through decisive government intervention and adequate financial support.

Addressing the newly inaugurated union executives, ICU-Ghana urged them to uphold fairness, discipline, and professionalism in their roles, while promoting industrial harmony within the company.

The list of the elected local union executives of ICU-Ghana,

Chairman – Samuel Agyeman
Vice Chairman – Uel Uzziel Matekole
Secretary – David Kwabena Yeboah
Assistant Secretary – James Appiah
First Trustee – Joseph Agbanyo
Second Trustee – Nii Okai Tagoe
Executive Member – Joseph Atsu Damalie
Youth Representative – Frank Annang
Women Representative – Gifty Nyanful
Chief Shop Steward – Mark Spears Tetteh

Tags: Ghana NewsICU-GhanaVALCO
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