GIADEC Secures Strategic Investors for VALCO Modernisation and Alumina Refinery Project
The Ghana Integrated Aluminium Development Corporation (GIADEC) has secured strategic investors to support the modernisation of the Volta Aluminium Company (VALCO) and the construction of Ghana’s first alumina refinery, marking a major milestone in the country’s quest to build a fully integrated aluminium industry.
The development follows the successful work of an Investor Selection Committee inaugurated in November 2025 by the Minister for Lands and Natural Resources, Hon. Emmanuel Armah-Kofi Buah. The committee, made up of representatives from key ministries and technical institutions, was tasked with evaluating proposals from both local and international investors for the two flagship projects.
Speaking on the outcome, Minister Buah described the modernisation of VALCO and the establishment of an alumina refinery as central pillars of Ghana’s industrialisation and value-addition agenda. He explained that the refinery will process Ghana’s bauxite into alumina to feed the smelter, while a modernised VALCO will serve as the anchor for downstream aluminium manufacturing.
According to the Minister, plans are for modernisation works at VALCO to commence in 2026, with the goal of increasing aluminium production from the current levels of about 40,000 tonnes per year to at least 200,000 tonnes by the end of 2028. He noted that a revitalised VALCO has the potential to create over 6,000 direct jobs, in addition to thousands of indirect employment opportunities across the value chain.
Chief Executive Officer of GIADEC, Reindorf Twumasi Ankrah, reaffirmed the corporation’s commitment to developing a competitive, fully integrated aluminium industry that will reduce Ghana’s dependence on raw material exports, boost domestic revenue generation, and enhance the country’s position in the global aluminium market.
