GIADEC Denies Claims That VALCO Is Being Sold to Ibrahim Mahama
The Ghana Integrated Aluminium Development Corporation [GIADEC] has dismissed as “baseless and misleading” allegations that the Volta Aluminium Company Limited [VALCO] is being sold to businessman Mr Ibrahim Mahama.
In a statement issued on Monday, GIADEC said it had taken note of claims circulating in the public domain by some persons purporting to be staff of VALCO, led by one Mr Samuel Watchman Agyeman, to the effect that VALCO was being sold to Mr Ibrahim Mahama.
“For the avoidance of doubt, GIADEC states emphatically that: Neither Mr Ibrahim Mahama nor any company associated with him has expressed any interest in the ongoing process to secure strategic equity capitalisation for the retooling and modernisation of VALCO,” the Corporation stated.
GIADEC explained that the Government of Ghana, through the Corporation, remains committed to a transparent process aimed at attracting credible strategic partners to retool VALCO.
The goal, it said, is to position the company as the anchor smelter in Ghana’s integrated aluminium industry.
The Corporation urged the public, stakeholders, and staff of VALCO to disregard the unfounded claims.
“We further caution individuals against making statements that seek to create disaffection and undermine ongoing efforts to industrialise Ghana’s aluminium value chain,” GIADEC added.
It assured that it remains committed to updating the public with verified information as the strategic partnership process for VALCO progresses.
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