By Collins Sarkodieh 
The Industrial and Commercial Workers’ Union (ICU)-Ghana has staged a massive protest against the alleged sale of the Volta Aluminium Company (VALCO). Addressing protesters on Monday, July 27, 2026, ICU-Ghana General Secretary Morgan Ayawine declared that organized labor will fight tirelessly to safeguard jobs and protect historic national assets.
This passionate demonstration reflects deep worries among Ghanaian workers who fear losing their daily livelihoods to unexpected privatization moves.
ICU-Ghana firmly opposes selling the state owned aluminium giant, which stands as a premier industrial landmark established under Ghana’s first President, Dr. Kwame Nkrumah. Union leaders stressed that organized labor acts strictly in the national interest to preserve local jobs rather than engaging in partisan politics.
Workers have raised serious concerns since January 2026, alleging that management intends to offload state equity in the plant. Union executives insist that keeping full state ownership guarantees employment stability for thousands of families across the country.
Responding to worker protests, the Chief Executive Officer of the Ghana Integrated Aluminium Development Corporation (GIADEC), Reindorf Twumasi Ankrah, assured the public that VALCO is not for sale. GIADEC maintains that the company is actively seeking a strategic private sector partner under a co ownership model to modernize smelter operations.
Combining state ownership with private capital injection aims to boost production capacity and upgrade processing technology. Finding the right balance between private investment and public job security remains essential to building a competitive, modern aluminium industry in Ghana.
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