<<Print>>

The Minister for Lands and Natural Resources, Hon. Samuel A. Jinapor says the Akufo-Addo led government is determined to revamp the Volta Aluminum Company Ltd. (VALCO) to help drive Ghana's Industrialization agenda.

The Minister said, as part of efforts towards building a robust and effective Aluminum Industry in Ghana, his ministry will in the coming weeks present the 'VALCO MASTERPLAN' to the cabinet for consideration, this he believes when given the approval, will help to resuscitate the operationalization of VALCO through the Ghana Integrated Aluminum Development Corporation's (GIADEC) Integrated Aluminum Industry (IAI) project 4, which is to retrofit, modernize and ensure the expansion of VALCO smelter to improve efficiency and capacity.

Project 4, when implemented, according to the Sector Minister, will increase VALCO's production capacity from 200,000 to 300,000 tonnes of aluminum annually and create employment opportunities for more than 600 people.

He explained that equipments that have been in use since the early 1960s will be upgraded.

He also reiterated the vision of the President of the Republic, H.E Nana Addo Dankwa Akufo-Addo in establishing GIADEC and the current development the entity is undertaking saying "GIADEC is on course in giving VALCO a leaf of life".

He stressed that the development and creation of an Aluminum Industry is one of the major pillars for transforming the Ghanaian economy.

"We have moved from the vision of government in making Ghana an Integrated Aluminum Industry into practicalizing the goals set out and once we get cabinet approval, we will implement the 'Master Plan' to attract the needed investment".