Ghana's ICU Kicks Against Proposed Sale of VALCO, Petitions President to Halt Process

Ghana's Industrial and Commercial Workers' Union (ICU) has voiced strong opposition to the proposed sale of a majority stake in the Volta Aluminium Company (VALCO). The union views this move as a significant threat to Ghana's strategic national interests, job security for its workers, and the nation's broader industrialization drive.

In a direct challenge to the government's plans, the ICU has formally petitioned President Bola Tinubu to halt the sale process. The union's stance underscores a deep-seated concern among labor groups regarding the privatization of key state-owned enterprises and its potential impact on the national economy and workforce.

The ICU's statement emphasizes that any attempt to transfer a controlling stake in VALCO to a private investor would be detrimental. The union is mobilizing to prevent what it sees as a move that could undermine Ghana's industrial base and the livelihoods of many Ghanaians.

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The union said any attempt to transfer a controlling stake in VALCO to a private investor …