Ghana's VALCO Seeks Strategic Investor to Overcome $400M Debt and Revive Operations

Published: Feb 12, 2026 15:42

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[SMM Aluminum Express News] Ghana's GIADEC CEO Reindorf Twumasi Ankrah stated that VALCO (Volta Aluminium Company) needs a strategic investor to overcome severe financial distress.
Key details:
Debt: ~$400 million
Current valuation: ~$130 million
Shut down: 2022–2023 due to financial issues
Goal: Attract investment to restore profitability and ensure long-term sustainability
The government aims to revive VALCO as part of Ghana's integrated aluminum industry development, leveraging local bauxite resources.

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