Ghana strengthens business ties with South Korea

Ghana is looking to strengthen business and economic ties with South Korea with a focus on technology, agriculture and education, according to Ghana’s Ministry of Finance.

Ken Ofori-Atta, the Finance Minister, met with South Korean Prime Minister Han Duck-soo and the "two sides agreed to develop a Strategic Partnership anchored on Technology, Agriculture & Education," according to a tweet from the Office of the Finance Minister on Monday, May 29.

The tweet reads: "Very productive engagement with Prime Minister of Korea. Mutually agreed to develop Strategic Partnership anchored on Technology, Agriculture & Education. Ghana committed to building a competitive business-friendly environment, to attract more Korean investments in Ghana."

The proposed strategic partnership would see Ghana embracing South Korean know-how and investment in key sectors such as technology and agriculture in order to boost its economy and create jobs.

Ghana is keen to attract more investment from South Korean companies and promises to work on creating a business-friendly and competitive environment to achieve that.

South Korea is an economic powerhouse with strengths in technology, manufacturing and infrastructure that Ghana hopes to tap into through deals and investor partnerships.

Stronger educational ties would also help Ghanaian students and workers access skills training and knowledge in South Korea.

The meeting between Mr. Ofori-Atta and the South Korean PM signal Ghana’s determination to deepen economic cooperation with Seoul.

If realized, the strategic partnership could provide a major boost to Ghana's growth ambitions.