Accra: The Local Union of the Volta Aluminium Company (VALCO) has accused the Minister for Lands and Natural Resources, Emmanuel Armah-Kofi Buah, of attempting to intimidate workers over their opposition to the government's proposed strategic investor arrangement involving the state-owned aluminium company.
According to Ghana Web, the union stated that employees have a constitutional right to express concerns about the proposed transfer of a 70 percent stake in VALCO to Arch Holdings Limited and should not face threats of disciplinary action for speaking publicly. In a statement released on Thursday, July 30, 2026, the union emphasized the need to address workers' concerns rather than discouraging public discussion.
The union expressed apprehension over comments allegedly made by the Minister during a meeting with management and staff, suggesting that workers who continue to voice opposition to the proposed transaction could face sanctions under company policy. The union described these remarks as worrying, indicating they create an impression of suppressing dissenting views.
The union further questioned what they perceived as unequal treatment, noting that individuals linked to the Ghana Integrated Aluminium Development Corporation (GIADEC) publicly defended the proposed investor arrangement before wider stakeholder consultations were completed. They argued that the same rules should apply to all, allowing critics to express their views freely.
Beyond allegations of intimidation, the union renewed calls for greater transparency regarding the proposed equity arrangement. The workers questioned the selection process of Arch Holdings Limited as the preferred investor and requested the government to disclose the decision-making process. They maintained that transferring a 70 percent stake signifies a change in control, regardless of it being labeled as a strategic partnership.
The union clarified that while they are not opposed to attracting private investment into VALCO, any agreement involving a strategic national asset must safeguard Ghana's long-term interests. They highlighted the need for the right investment that benefits Ghana and future generations.
The release also criticized what it described as political inconsistency, questioning whether the current administration's stance differs from its previous opposition to the sale or privatization of state assets. The union concluded by urging the government to engage stakeholders openly and address concerns through dialogue rather than intimidation, emphasizing the importance of truth, transparency, and accountability in leadership.