Tag Archives: VALCO

The Volta Aluminium Company (VALCO) has shut down its operations following agitations by its workers over their demands for a salary restoration equivalent to the dollar rate. Workers at VALCO currently have their salaries pegged in dollars, but are paid a cedi equivalent. However, because the cedi has depreciated drastically …

The Ghana Grid Company Limited (GRIDCo) has for three years running recorded losses, with a net loss of 114.3 million cedis last year. According to GRIDCo, the Volta Aluminum Company Limited (VALCO) owes it 30-million dollars while ECG and NEDCo also owed about 607 million cedis and 177 million cedis …