The 2025 revenue generation of the Volta Aluminium Company Limited (VALCO) in Ghana has surpassed USD 120 million. This marks the highest and best performance by the company in recent years. The update comes at a significant juncture as the state-owned aluminium smelter proceeds with a turnaround strategy for capacity expansion along with value addition of downstream products. 

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The figure was disclosed by VALCO CEO Dr Robert Makila Sambian on February 26, 2026, during a visit to the Tema facility by Dr Rashid Pelpuo, the Minister of Labour, Jobs and Employment. The minister held separate meetings with management and the local workers’ union to assess operational conditions and identify areas requiring policy support.

Capacity boost and downstream value addition

VALCO is currently operating 122 of its 200 smelting cells and is venturing to reopen the remaining 78. As stated by management, full activation would enable its two potlines to run at maximum capacity for the first time in over 20 years.

At present, the company employs 800 workers. Previously indicated by Dr Sambian, under a fully integrated aluminium strategy covering bauxite mining, refining, smelting and downstream manufacturing, annual revenues could exceed USD 1 billion by 2035, potentially creating around 5,000 direct jobs.

A significant milestone was secured in August 2025, when VALCO installed a value-added production line and began test runs of electrical conductor-grade aluminium rods. Since the 1960s, this records the first time that the company has moved beyond primary metal exports into finished products. Test samples have been submitted to Europe for certification.

Government backing and strategic planning

Minister Pelpuo described the visit as part of a broader review of state enterprises, noting that effective government intervention can determine whether a company expands or contracts. He mentioned an unnamed enterprise where workforce levels fell from 2,000 to 1,200 due to policy shortcomings.

He also highlighted VALCO’s progress within the broader economic recovery of Ghana, highlighting the country’s ascension from tenth to eighth among Africa’s largest economies within the span of a year.

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