Volta Aluminium Company Limited
CATEGORY | EQUITY | SECTOR HEAD | CHAIRPERSON |
SOE | 100% | DAN ACHEAMPONG |
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VALCO, a major long-term investment in Ghana is one of the largest enterprises in the country and the second-largest smelter in Sub-Saharan Africa. It is a major producer of primary aluminum for the local and international markets.
The establishment of VALCO was a result of the vision of the first President of the Republic of Ghana, Dr Kwame Nkrumah, to establish an integrated aluminum industry in the country. The Company is therefore a product of the meeting of minds of Dr Nkrumah and the late Edgar Kaiser, Chairman and Founder of Kaiser Aluminum & Chemical (KACC), the immediate past majority shareholder of VALCO.
VALCO’s history can be structured into two; namely, the illustrious history from the days of its establishment in 1967 until the exit of Kaiser Aluminum from VALCO’s operations in 2004; and the period after the exit of Kaiser to the present.