The Volta Aluminium Company Limited (VALCO) has reported a provisional profit of USD 1.3 million within the first nine months of 2026, signalling progress in its efforts to restore operations and strengthen its financial position. The Ghanaian aluminium producer has also outlined an ambitious expansion target of processing 1.5 million tonnes of alumina within the next decade, supported by an estimated USD 4 billion investment.
VALCO CEO Dr Robert Makila Sambian said the company was now focused on strategic capital investment to achieve its long-term production ambitions. He shared the update during the Ministry of Lands and Natural Resources’ Progress Report Series, an initiative through which agencies under the ministry present updates on their activities and performance to the media.
According to Dr Sambian, achieving the 1.5 million-tonne target over the next ten years would require approximately USD 4 billion in investment.
The company has already reported production of 30,000 tonnes of alumina as of September 2026. The latest financial performance comes as management works to address longstanding operational challenges and implement a five-year strategic plan aimed at restoring VALCO’s position in the aluminium industry.
Dr Sambian said the current management inherited a company producing approximately 40,000 tonnes annually against an installed capacity of 200,000 tonnes. The facility was also facing obsolete equipment, frequent breakdowns, unreliable power supply and mounting debt.