GIADC Dismisses VALCO Sale Claims, Says Ibrahim Mahama Has No Interest

The Ghana Integrated Aluminium Development Corporation (GIADC) has described the reports as false, misleading, and without any factual basis, urging the public and stakeholders to disregard the allegations.

In a press statement issued on July 27, 2026, GIADC said it had taken notice of claims circulating in the public domain by individuals purporting to represent staff of VALCO, led by Mr Samuel Watchman Agyeman.

According to the statement, the allegations claimed that VALCO was being sold to Mr Ibrahim Mahama. However, GIADC dismisses VALCO sale claims, insisting there is no truth to the reports.

The corporation clarified that neither Ibrahim Mahama nor any company associated with him has expressed interest in the ongoing strategic equity capitalisation process for the retooling and modernisation of VALCO.

GIADC explained that the Government of Ghana remains committed to a transparent and competitive process through the corporation to attract credible strategic partners capable of strengthening VALCO and positioning it as the anchor smelter in Ghana’s integrated aluminium industry.

The corporation also urged the public, stakeholders, and VALCO employees to ignore the false reports and rely only on verified information released through official channels.

Additionally, GIADC cautioned individuals against making statements that could create public disaffection or undermine the government’s efforts to industrialise Ghana’s aluminium value chain.

The statement assured the public that updates on the strategic partnership process for VALCO would be communicated as developments occur.

The press release was signed by Reindorf Twumasi Ankrah, Chief Executive Officer of GIADC.