We won’t shut down VALCO - Minister

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keiby 10 years ago

VALCO was supposed to operate on the hydro power which costs 3cents per unit so if you decide to operate on crude oil which is 33cents per unit then you must also decide on what you want whether domestic consumers who leave t ...
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VALCO was supposed to operate on the hydro power which costs 3cents per unit so if you decide to operate on crude oil which is 33cents per unit then you must also decide on what you want whether domestic consumers who leave their lights on for 24 hours and offices who leave their air-conditions on over night should enjoy 3cents while industries pay the 33cents
Charles 10 years ago

This is one decision in many that our leaders have made. Ghana should hasten the proposed aluminium integrated process to create more jobs for the youth. The World Bank just want the Valco Smelter to be shut down in order tha ...
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This is one decision in many that our leaders have made. Ghana should hasten the proposed aluminium integrated process to create more jobs for the youth. The World Bank just want the Valco Smelter to be shut down in order that they can conveniently porch the remaining loyal workers now on site to other European, Asian or Arab Aluminium Smelters scatered around the globe. The few staffs are so loyal to the extent that despite their very low salary scale they still continue to sacrifice to ensure the Company returns to a normal operational level to break even before considering salary adjustments. I hope the Authorities would at least support them to have power to expand or increase their production to enable them employ more Ghanaians and better the lot of our economy since it is believed that when the inergrated aluminium industry takes off it would pay more than even the oil find. VRA/GRIDCO should sit up and support VALCO to succed because their Technicians and Engineers are all a force to reckon with.
Eric 10 years ago

Please make sure to keep to this principle. We can only develop if we develop industries. The World Bank and its patrons are not interested in our true development. They want us to be dependent and begging them forever. Let's ...
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Please make sure to keep to this principle. We can only develop if we develop industries. The World Bank and its patrons are not interested in our true development. They want us to be dependent and begging them forever. Let's take our destiny in our own hands and develop our only country. Nobody can do it for us. Now re-negotiate the bad mining agreements!
Kwesi 10 years ago

The world Bank will not say anything about the freebies that we give to their mining companies. Newmont paying 3 percent royalty and yet getting subsidized electricity!!!

The world Bank will not say anything about the freebies that we give to their mining companies. Newmont paying 3 percent royalty and yet getting subsidized electricity!!!
GHFUO, BE SERIOUS NOT PRIDEFUL! 10 years ago

WB WANT YOU TO SHUT DOWN VALCO SO COMPANIES LIKE ALCOA CAN PRODUCE ALUMINIUM TO AFRICAN MARKETS.....

WB WANT YOU TO SHUT DOWN VALCO SO COMPANIES LIKE ALCOA CAN PRODUCE ALUMINIUM TO AFRICAN MARKETS.....
GHFUO, BE SERIOUS NOT PRIDEFUL! 10 years ago

I LIKE THIS

I LIKE THIS
Ghanabiya 10 years ago

All along I have been thinking that Ghana is a zombee country accepting all the recommendations of the World Bank until now.

I have one question for the Ghanaian authorities: Why did they find it prudent to accept the ban ...
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All along I have been thinking that Ghana is a zombee country accepting all the recommendations of the World Bank until now.

I have one question for the Ghanaian authorities: Why did they find it prudent to accept the banks directives to relegate agricultural activities to the bottom of the priority ladder? We are now a country of importers, from toothpicks to used bras.

Today rice farm lands are lying fallow in the rice producing regions of the country and we are importing rice from all over the world. What a shame.
princewilly@ymail.com 10 years ago

A husband and wife were having a fine dining experience at their exclusive country club when this stunning young woman comes over to their table, gives the husband a big kiss, says she'll see him later and walks away.
His wi ...
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A husband and wife were having a fine dining experience at their exclusive country club when this stunning young woman comes over to their table, gives the husband a big kiss, says she'll see him later and walks away.
His wife glares at him and says, "Who was that?"
"Oh," replies the husband, "she's my mistress."
"Well that's the last straw," says the wife. "I've had enough, I want a divorce. I am going to hire the most aggressive, meanest divorce lawyer I can find and make your life miserable."
"I can understand that," replies her husband, "but remember, if we get a divorce it will mean no more wintering in Key West, or the Caribbean, no more summers in Tuscany, no more Cadillac STS in the garage, and no more country club, and we'll have to sell the 26-room house and move to two smaller homes, but the decision is yours."

Just then, a mutual friend enters the restaurant with a gorgeous young woman on his arm.
"Who's that with Jim?" asks the wife.
"That's his mistress," says her husband.
She replies, "Ours is prettier."

WE WILL KEEP VALCO THAT IS OUR MISTRESS BECAUSE HE IS PRETTIER.WE DONT NEED AN UGLY WORLD BANK THAT HAS THE QUICKIE MENTALITY OF BEING PAID FOR THEIR OWN INTEREST.
Omo 10 years ago

There are alternatives. The government can privatise VALCO and ensure they are fully independent of the national funds. VALCO is struggling because the Government runs it. Governments are bad in running enterprises. The Ghana ...
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There are alternatives. The government can privatise VALCO and ensure they are fully independent of the national funds. VALCO is struggling because the Government runs it. Governments are bad in running enterprises. The Ghana government cannot even run a bath water let alone an aluminium smelter or an airline.
EZEKIEL 10 years ago

Govts have NO business in doing business.Just create the favourable INVESTMENT FRAME and the firms will come.FIRMS want profit and we can profit too.......jobs jobs jobs!

Govts have NO business in doing business.Just create the favourable INVESTMENT FRAME and the firms will come.FIRMS want profit and we can profit too.......jobs jobs jobs!
Rockson 10 years ago

Valco may be operating at a loss because it is not paying the full cost of the power it consumes.The question is can it continue to run at a loss for ever? Or it has prospects and opportunity to improve? Like most new compani ...
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Valco may be operating at a loss because it is not paying the full cost of the power it consumes.The question is can it continue to run at a loss for ever? Or it has prospects and opportunity to improve? Like most new companies it may need time to find its footing. Kaiser Co. of US operated Valco with the same power incentives pocketing all the profit. When parliament wanted to increase the tarrifs it became a problem. Who knows maybe Kaiser Co. forsaw the difficulty ahead hence its reluctance.The solution to the issue is more power sources for the economy. When this happens some energy companies may strike a deal with Valco to aviod putting its consuming power cost on the poor Ghanaian.
jouce usa 10 years ago

valco as been opreating for many years and the country was doingfine even when they were using all the five pots what ia wrong now

valco as been opreating for many years and the country was doingfine even when they were using all the five pots what ia wrong now
Obroni 10 years ago

The advice to close Valco is based on normal economic values, not on (misplaced) national pride. If a company doesn't make profit its not viable and should be closed, especially if it belongs to the government (read all Ghana ...
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The advice to close Valco is based on normal economic values, not on (misplaced) national pride. If a company doesn't make profit its not viable and should be closed, especially if it belongs to the government (read all Ghanaian s who pay tax)
Y.S 10 years ago

If I remember correctly, the VALCO plant was to temporarilly proccess imported bauxite from the West Indies until Ghana's own at Nyinahini was exploited and brought on board. It appears to me that the project died with Nkruma ...
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If I remember correctly, the VALCO plant was to temporarilly proccess imported bauxite from the West Indies until Ghana's own at Nyinahini was exploited and brought on board. It appears to me that the project died with Nkrumah. I sincerely believe that should the original plan be implemented, (j
Y.S 10 years ago

CONT'D PLS: re Nyinahini brought on board, (just as Bui Dam), not only will it provide jobs at the Nyinahini area but could make VALCO more viable to pay economic rent for power consumed.

CONT'D PLS: re Nyinahini brought on board, (just as Bui Dam), not only will it provide jobs at the Nyinahini area but could make VALCO more viable to pay economic rent for power consumed.
Obroni 10 years ago

Aluminum melting is only possible with a very low cost source of energy.
If energy prices go up you are out of business. any scarce resource is expensive, electricity is scarce in Ghana and until we have over capacity we can ...
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Aluminum melting is only possible with a very low cost source of energy.
If energy prices go up you are out of business. any scarce resource is expensive, electricity is scarce in Ghana and until we have over capacity we cant maintain today's low price levels.
AAD 10 years ago

Great Job for defying this recommendations from the world bank. We want jobs not to put people out of jobs.

Great Job for defying this recommendations from the world bank. We want jobs not to put people out of jobs.
Jt 10 years ago

Shut down everything we have enough to sell to u.minister why leve headed? There should be no manufacturing company in Gh. and what are u sayin? Buy buy continue buying and importing.

Shut down everything we have enough to sell to u.minister why leve headed? There should be no manufacturing company in Gh. and what are u sayin? Buy buy continue buying and importing.
JUSTICE 10 years ago

The world bank will bankrupt developing countries to profit rich countries by imposing disastrous conditions on them. They know it all, ins'nt.

The world bank will bankrupt developing countries to profit rich countries by imposing disastrous conditions on them. They know it all, ins'nt.
Joe Wasa sa italy 10 years ago

You are Right that is the way of making our counry to dfepend more on these forieng importations

You are Right that is the way of making our counry to dfepend more on these forieng importations

We won’t shut down VALCO - Minister

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