Audio By Carbonatix
The revived Volta Aluminum Company says it will soon resume supplies to the local aluminum industry.
The company is back in operation after it was forced to temporarily shutdown for inadequate electricity supply and a slump in aluminum prices that made production unprofitable.
The company started actual smelting in the first week of March after it secured the necessary guarantees that its electricity needs would be met.
Director of Human Resources and Administration, Dan Acheampong told Joy Business an off-taker agreement is in place to ensure the products are supplied to markets.
“We will first feed the local market and if there is any left we will look at the external market,” he said.
Meanwhile Aluworks, one of the companies which feed off VALCO has confirmed negotiations are ongoing.
The Managing Director of Aluworks, Kwasi Okoh told Joy Business they expect to receive their first supply of up to 60 tonnes by the end of the month.
He said the company was excited about the resumption of production by VALCO because Aluworks’ cost of production is set to reduce as it will buy materials at lower cost from the smelter.
Source: Joy Business/Ghana
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
African governments must prioritise investment in food systems – Dr Jasaw
11 minutes -
Andre Ayew makes surprise appearance at National Maulid in Accra
11 minutes -
CHOPSS releases list of private SHSs as 54,985 BECE candidates miss placement
23 minutes -
GPL 2026/27: Kotoko coach Tinkler criticizes ‘very poor’ performance after Debibi draw
26 minutes -
CAF CL: ‘We have a chance next Sunday’ – Medeama boss Tanko
33 minutes -
Wedding venue fire kills at least 22 in DR Congo
34 minutes -
Africa: Thirsty beside the river of abundance
37 minutes -
One dead, six rescued after canoe accident on Volta Lake at Yeji
42 minutes -
Video: ‘Semenyo is the perfect Premier League player’ – Haaland
46 minutes -
African youth reject neocolonialism and demand reparations
52 minutes -
WAFU B U-17 Girls Cup: 22 Black Maidens players invited to begin camping
59 minutes -
My journey from running mate to former Vice President is by God’s divine will – Bawumia
1 hour -
Private equity veteran Kofi Kwakwa’s firm acquires Ghanaian textile icons GTP and Woodin
1 hour -
Today’s front pages: Monday, September 7, 2026
1 hour -
Elizabeth Ohene writes: Your lordship, justice must also be seen to be done
2 hours