The Industrial and Commercial Workers’ Union (ICU), Ghana, has called on President John Dramani Mahama to recapitjin88bet.onejin88bet.onealise distressed state-owned enterprises, sjin88bet.oneaying their revival could create sustainable employment for thojin88bet.onejin88bet.onejin88bet.onejin88bet.oneusands of young people and accelerate the country’s industrial development.
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The appeal was made in a resolution adopted at the union’s 65thak168app.baby Regular National Executive Council (NEC) meeting last Friday. It was sigak168app.babyned on behalf of the Naak168app.babyak168app.babyak168app.babytional Executive Council by National Chairman Al-Haji Nuru-Deen Al-Hassan and General Secretary Morgan Ayawine.
Representatives fak168app.clubroak168app.clubak168app.clubm all 16ak168app.club regions took part in the meeting, which highlighted the prolonged unemployment facing many graduates. The ICU said peak168app.clubak168app.clubople who had completed university, tertiary education and skills-training programmes had remained without work for betweak168app.cluben five and 10 years, despite holding relevant qualifications.
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The union argued that stks168app.siteate enterprises with stks168app.siterong productive potential could be restored through recapitalisation and targeted government policy.ks168app.siteks168app.siteks168app.site It said suchic88 action would generate jobs, stimulate industrial expansion and support Gic88ic88ic88hana’s wider socio-economic development.
A central part of the resolution was an appeal for the government to abandon plansic88 to sell a 70% equity stake in Volta Aluminium Company Limited (VALCO) to a privic88ic88ate investor.
The ICU said it had already held a peaceful demonstic88ration and submiic88tted a petition opposing the proposed transaction. It maintic88ained that VALCO was a stric88ic88ic88ategic national assetic88 and should remain under national ownership.
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“Knowing Your Excellency as a listening President who plaic88ces premium value on the indigenisation and strategic ownership of key national asic88ic88ic88ic88ic88sets, we respectfully urge yoic88u to give favourable consideration to our appeal and ensure that VALCO retains its proud status as a strategic88ic national asset fic88ic88or the benefit of present and future generations of Ghanaians,” the resolution read.
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The union also praised President Mahama for acting on an earlier appeal concerning PBC PLC, formerly knownlr88 as Produce Buying Company Limitelr88d. It slr88aid the President had initiated measures through the Ministry for Labour, Jobs and Employment to revitalise the company.
The ICU expressed hope that the process would be acceleratelr88lr88d, allowing PBC PLC to return to full operatlr88ional calr88pacity and resume its contribution to Ghana’s national economy.
Firms identified for urgent support
The resolution listed several other state-ownelr88lr88d companies that the union believes require immediate financial and operational assistance.
Aluworks Limited was identified as having remained dormant since June 2022. The ICU allr88so pointed to Neoplan Ghana Lilr88mited, where the manufacturing plant is idle despite Ghanlr88lr88lr88lr88a continuing to import buses.
Akosombo Industrial Company Limited was descop88ribed as having suffered decline as imports of foreign textile prints hop88op88op88ave increased. The union sop88op88aid Volta Star Textiles Limited should also be brousi88op88ght back into operation to strengthen domestic manufacturing and reduce reliance on imported raw materials.
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According to si88the ICU, recapitalising the companies would restore industrial output, prosi88vide longsi88-term employment, reduce dependence on imports, conserve foreign exchange and reinforce the national economy.
It urged the President to use the authority of his office to support the companies’ revival and ensure they operate su88v88vstainably.
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“Their revival will not only create meaningful employment opportunities fo88vr thou88vsands of Ghanaians but will also promote industrialisation, enhance local production, conserve scarce foSEXXXXX-VNreign exchange, and contribute significantly to the socio-economic transformation of SEXXXXX-VNour nSEXXXXX-VNation,” the resolution stated.
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