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First with the News

Ghana: Mahama Locks Ties With South Korea Amid Economic Challenges

June 27, 2024
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By Ebi Kesiena

Former President John Dramani Mahama has expressed deep gratitude to South Korea for forgiving Ghana’s debt during a courtesy call by South Korea’s ambassador to Ghana, Park Kyongsig.

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According to Mahama, this act would play a crucial role in aiding Ghana’s debt restructuring efforts amidst the country’s economic difficulties.

During their discussion on Thursday, Ambassador Park provided updates on South Korea’s investments and bilateral agreements with Ghana, including a substantial $2 billion framework arrangement. This agreement spans critical sectors such as healthcare, education, environment, and agriculture. Notably, Ambassador Park emphasized the introduction of new rice varieties, a significant initiative aimed at enhancing food sufficiency in Ghana, demonstrating South Korea’s commitment to supporting the nation’s agricultural sector.

Mahama, outlining his party’s plans, mentioned the National Democratic Congress (NDC)’s initiative to establish rice mills at various centers for processing and set up Farmer Service Centers to provide agricultural equipment and support. He praised South Korea for its assistance in water provision and requested further support to supply water to northern parts of the country, particularly Tamale and Yendi.

Leading the NDC into the 2024 elections, Mahama shared his inspiring vision for Ghana’s power sector, aiming to make the country a hub for electricity transmission in West Africa, with a strong emphasis on solar and nuclear energy.

Additionally, Mahama raised concerns about the independence of the Electoral Commission in the upcoming elections, urging South Korea and the international community to advocate for free and fair elections in Ghana.

He however cautioned against the unnecessary use of the military in the electoral process, stressing the importance of maintaining democratic integrity.

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