The Minority Caucus in Parliament has thrown its full support behind workers of the Volta Aluminium Company Limited (VALCO), describing their recent protest as a legitimate effort to protect one of Ghana’s most strategic national assets.

In a press statement issued on July 29, 2026, and signed by Hon. Kwaku Ampratwum-Sarpong, Ranking Member of Parliament’s Select Committee on Lands and Natural Resources, the Minority accused the government of pursuing a secretive process regarding what it describes as a “strategic equity capitalization” of VALCO.

According to the Minority, the concerns raised by VALCO workers should not be dismissed as political propaganda. Instead, they argued that the workers possess firsthand knowledge of the company’s operations and are best placed to identify potential threats to its future.

“These are the men and women who keep VALCO running every single day. They understand its operations and its future. Government must listen instead of hiding behind hurried press statements issued only after public outrage,” the statement said.

Questions Over Strategic Equity Capitalization

The Minority questioned the true meaning of the government’s proposed strategic equity capitalization, asking whether it could involve:

* Selling part of VALCO.
* Transferring ownership.
* Surrendering management control.
* Privatizing the company under another name.

The caucus argued that if the government believes the process serves Ghana’s national interest, it should openly present every detail to Parliament and the Ghanaian people instead of using corporate terminology that conceals public policy decisions.

Minority Cites VALCO’s Return to Profitability

The statement highlighted that the Chairman of the VALCO Board recently announced the company had recorded a profit of US$3.19 million during the first half of 2026, describing it as a remarkable turnaround after years of financial challenges.

According to the Minority, the government’s latest proposal appears contradictory.

“If VALCO is profitable and recovering, why is the government now pursuing a strategic equity capitalization?” the statement questioned.

The caucus further demanded explanations regarding the company’s financial position, balance sheet and what economic justification exists for restructuring ownership when the company has reportedly returned to profitability.

Warns Against State Capture

The Minority also expressed concern about what it described as a growing concentration of influence over Ghana’s aluminium industry.

It argued that when institutions responsible for policy formulation, regulation, approvals and management of strategic national assets are occupied by individuals with previous professional relationships linked to the same business interests, public confidence is undermined.

According to the statement, such circumstances create conditions that encourage state capture, favouritism and predetermined outcomes.

“VALCO Belongs to the People of Ghana”

The Minority stressed that VALCO is a strategic national asset central to Ghana’s Integrated Aluminium Industry and broader industrial transformation agenda.

The statement warned that after the loss of Black Volta and Damang, Ghanaians cannot afford to lose another strategic national asset through decisions made behind closed doors.

It insisted that VALCO’s ownership should not be altered through secrecy and that the company’s future should be determined transparently with the involvement of the Ghanaian people.

Minority’s Seven Demands

The Minority Caucus called on the government to immediately publish:

1. The complete framework governing the strategic equity capitalization process.
2. VALCO’s latest audited financial statements, including its balance sheet, income statement and cash flow position.
3. The independent valuation of VALCO.
4. The proposed equity structure.
5. The identities of all prospective strategic investors.
6. The criteria used in selecting any strategic investor.
7. Every Cabinet, Board and ministerial approval underpinning the process.

The caucus maintained that Ghanaians deserve facts rather than vague explanations regarding the future of a strategic national asset.

Minority Vows to Resist

The Minority warned that it would use every constitutional, legal and parliamentary mechanism available to resist any attempt to place VALCO under what it described as politically connected interests.

The caucus concluded that the concerns raised by VALCO workers reflect broader public interest and urged the government to provide full disclosure.

“The workers have spoken. The Ghanaian people are watching. Government must come clean,” the statement concluded.

Ghana’s Supreme Court has ruled that the Office of the Special Prosecutor (OSP) does not have the constitutional authority to independently initiate criminal prosecutions, affirming that prosecutorial powers remain vested in the Attorney-General under Article 88 of the 1992 Constitution.

In its decision, the apex court held that the OSP’s prosecutorial functions do not violate the Constitution because they are exercised under authority delegated by the Attorney-General through the Office of the Special Prosecutor Regulations, 2018 (L.I. 2374).

The court explained that the Legislative Instrument provides the legal basis for the Attorney-General to delegate prosecutorial authority to the OSP, allowing the anti-corruption body to prosecute corruption and corruption-related offences.

However, the justices noted that while the OSP can investigate and prosecute cases under the delegated authority, the Attorney-General retains the constitutional power to discontinue any prosecution initiated by the OSP by entering a nolle prosequi.
The court further observed that although the existing Legislative Instrument should remain in force until Parliament amends the law, it does not confer an independent constitutional mandate on the OSP to commence prosecutions on its own.

Delivering the judgment, Presiding Judge Justice John Nyadu Nyante emphasized that the OSP is fully empowered to investigate corruption-related offences but lacks the constitutional authority to independently initiate criminal prosecutions without the Attorney-General’s delegated authority.
The ruling clarifies the constitutional relationship between the Attorney-General and the Office of the Special Prosecutor, reinforcing the Attorney-General’s exclusive prosecutorial powers while preserving the OSP’s role in fighting corruption through delegated authority.

The Member of Parliament for Amenfi Central, Hon. Joana Gyan Cudjoe, has lauded the Minister for Finance, Dr. Cassiel Ato Forson, describing his latest address as an inspiring and forward-looking statement that reinforces the government’s commitment to transforming Ghana’s economy.

According to the MP, the Finance Minister’s remarks demonstrated strong leadership, fiscal responsibility, and a clear roadmap for sustainable economic development, giving renewed confidence in the country’s economic future.
“It has been a great day. The inspiring statement delivered by the Hon. Finance Minister gives renewed hope and confidence in the government’s economic agenda. His vision and commitment to fiscal discipline, development, and inclusive growth deserve commendation,” Hon. Joana Gyan Cudjoe stated.

The legislator said the Minister’s address reflected a bold vision aimed at restoring economic stability, strengthening public finances, and creating opportunities that will improve the livelihoods of Ghanaians.
Hon. Joana Gyan Cudjoe further noted that the statement has renewed optimism among citizens and underscores the government’s determination to pursue policies that promote inclusive growth and long-term national development.

Reaffirming her unwavering support for the government’s economic agenda, the Amenfi Central MP expressed confidence that sound leadership, collaboration, and sustained reforms will place Ghana on a path of meaningful and sustainable economic progress.
She also called on all stakeholders to support initiatives aimed at strengthening the economy, stressing that collective effort is key to delivering lasting benefits for all Ghanaians.

A constitutional lawyer, Ben Abdallah Banda, has clarified that the parliamentary seat of the Member of Parliament for Asante Akyem North, Ohene Kwame Frimpong cannot be declared vacant simply because of his arrest or prolonged absence from Parliament.

Speaking in a Zoom interview on Kessben TV’s Digest program, Mr. Banda said Article 97 of Ghana’s 1992 Constitution clearly sets out the conditions under which an MP can lose a seat.

According to him, a parliamentary seat may only become vacant if the MP is convicted of an offence that disqualifies them from serving, resigns from office, or is absent from Parliament for 15 sitting days without the Speaker’s permission and without a reasonable explanation.

He emphasized that even in cases of absenteeism, the Constitution requires due process. An MP who misses 15 sittings must first be referred to Parliament’s Privileges Committee, where they are given the opportunity to explain the absence before any recommendation can be made to the House.
Mr. Banda noted that although the Asante Akyem North MP has reportedly missed more than 15 sittings following his arrest, Parliament cannot automatically declare the seat vacant because the constitutional process has not yet been exhausted.

He added that the MP’s detention presents a unique challenge, making it difficult for him to appear before the Privileges Committee to account for his absence.
The constitutional lawyer further argued that the High Court has the exclusive authority to determine whether the parliamentary seat has become vacant. He added that where constitutional interpretation is required, the matter may ultimately be referred to the Supreme Court for a final determination.