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Ghana to Restart Valco Aluminum Smelter This Month, Times Says

Dec. 7 (Bloomberg) -- 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 the editor responsible for this story: Antony Sguazzin at asguazzin@bloomberg.net.

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