Employees of the Tema-based Volta Aluminium Company (VALCO) have called for the resignation of Reindorf Twumasi Ankrah, Chief Executive Officer of the Ghana Integrated Aluminium Development Corporation (GIADEC), citing mismanagement of the company’s operations.
The union argued that VALCO possesses sufficient capacity to function independently without external investment, claiming that the CEO’s frequent references to losses and debts are exaggerated and designed to justify outside involvement.
They also criticized the government’s proposed “strategic investment” plans, describing them as effectively a sale of the company that should be paused to allow a proper assessment of VALCO’s real potential.
During a protest on Monday, February 9, Local Union Chairman Samuel Tetteh Agyeman called on the President to remove Ankrah, insisting he is unfit to lead GIADEC. He noted that repeated efforts by the union to engage the CEO on these matters have been unsuccessful.
“He refuses to listen to anyone, and nothing seems to concern him. Whatever he decides to do, whether right or wrong, is what he goes ahead with. We sent him a letter on December 18, and he has yet to respond. We have no idea what his plans are, and he does not communicate with anyone,” Agyeman stated.
