Economy

Ghana secures $2 billion development deal with South Korea

Ghana has secured a significant financial boost for its development goals, signing a $2 billion framework agreement with South Korea’s Economic Development Cooperation Fund (EDCF). The deal, inked during the 2024 Korea-Africa Summit, will support key priority programs in Ghana across sectors such as infrastructure, agriculture, health, education, energy, roads, transport, and ICT over the next five years. The signing ceremony represents a significant milestone in the longstanding bilateral economic partnership between the two nations. Ghana's Minister for Finance, Dr. Mohammed Amin Adam, signed on behalf of the Ghanaian government, while South Korea’s Foreign Minister, Mr. Cho Tae-yeol, represented the...
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