Ghana to Restart Valco Aluminum Smelter This Month, Times Says

Ghana will restart its Volta Aluminum Smelter later this month after a two-year shutdown, the Ghanaian Times reported.

The factory, which has started a test-run of its machines, will have its power consumption subsidized by the government through tax exemptions, the Accra-based newspaper said, citing Minister of Energy Joe Oteng-Adjei.

Valco was shut down due to low aluminum prices on the world market and high electricity costs, it said.

To contact reporter on this story: Moses Dzawu in Accra at +233-302-258-797 or mdzawu@bloomberg.net.

Before it's here, it's on the Bloomberg Terminal. LEARN MORE