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ICU urges President Mahama to revitalise VALCO, PBC and distressed state-owned enterprises
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MyJoyOnline
The Industrial and Commercial Workers' Union (ICU), Ghana, has appealed to President John Dramani Mahama to recapitalise and revive distressed state-owned enterprises, arguing that doing so would create thousands of jobs for unemployed youth and accelerate the country's industrialisation agenda.
According to the ICU, reviving strategic but struggling state-owned enterprises would provide sustainable employment while strengthening local manufacturing and reducing Ghana's reliance on imports.
The union also commended President Mahama for responding to its earlier appeal to intervene in the affairs of PBC PLC.
Beyond VALCO and PBC, the ICU identified several state-owned enterprises it believes require urgent recapitalisation and operational support.
The union noted that President Mahama had already announced plans to revitalise Volta Star Textiles during his recent Resetting Ghana tour.