Ibrahim Mahama Denies VALCO Takeover Claims, Threatens Legal Action Over Alleged False Publication

Businessman Ibrahim Mahama has strongly denied reports suggesting he is interested in acquiring the Volta Aluminium Company (VALCO), describing the claims as false and malicious.

In a statement issued by his Special Aide, Rafik Mahama, the businessman rejected allegations made during a demonstration organised by the Labour Union of VALCO, where some protesters reportedly claimed he intended to take over the state-owned aluminium company.

According to the statement, Ibrahim Mahama has no interest in acquiring VALCO and has not made any offer to purchase the company.

The statement further described the allegations as the latest in what it called several attempts to tarnish Mr Mahama’s reputation and question his integrity in the public domain.

It emphasised that the businessman has built a strong reputation through legally established and acquired businesses, noting that his companies operate in full compliance with Ghana’s laws.

The statement added that the longevity of his businesses, which have remained successful through seven election cycles, demonstrates their credibility, professionalism, and adherence to legal and ethical standards.

“Ibrahim Mahama remains committed to contributing to Ghana’s development by investing in business opportunities both within the country and beyond,” the statement said.

It also revealed that the businessman has instructed his lawyers to begin the necessary legal processes against those responsible for publishing and spreading the alleged false claims.

The statement was written by Rafik Mahama, Special Aide to Ibrahim Mahama, under the heading “False Media Publication of Takeover of VALCO by Mr Ibrahim Mahama.”