Ghana is courting a co-owner, not a buyer, for the idled VALCO aluminium smelter. Officials put the bill above US$700 million, including US$250 million of power-sector debt.
Africa · Western
Key Facts
—Capital need. Ghana requires more than US$700 million to modernise the VALCO smelter and clear power-sector debts.
—Investor search. Cabinet has approved a co-ownership model, not an outright sale, and a selection committee is evaluating bids.
—Production collapse. Output has fallen to around 40,000 tonnes per year from a design capacity of 200,000 tonnes.
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