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Minority in parliament backs VALCO workers, demands transparency over company’s future
['Ghanaian Times']
Ghanaian Times
The Minority Caucus in Parliament has thrown its support behind workers of the Volta Aluminium Company Limited (VALCO), calling on the government to disclose details of what it describes as a “strategic equity capitalization process” involving the state-owned company.
In a press statement issued on July 29, the caucus said the concerns raised by the workers should not be ignored because they understand the company’s operations and future.
According to the Minority, the government has failed to clearly explain what the proposed equity capitalization process involves and whether it could result in the sale, transfer of ownership, or privatization of VALCO.
According to the Minority, if the company has returned to profitability, the government must explain why it is considering changes to its ownership structure.
According to the Minority, making the information public would help assure Ghanaians that the process is transparent and in the national interest.