VALCO boss blows GHS100K on luxury bash for 10 pensioners

VALCO CEO Kingsley Aboagye Gyedu is under fire for reportedly spending a staggering GHS100,000 on a lavish farewell party for just ten retiring staff members at the Marjorie Y Hotel in Tema.

The extravagant event, held on December 27, 2024, comes amid ongoing financial struggles at the company, with many questioning the priorities of the CEO.

The party has sparked outrage, as the transition team had urged for restraint in spending, particularly given the company’s deepening financial challenges.

This incident adds to Gyedu's controversial tenure, which has been clouded by allegations of cronyism and politically motivated firings.