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Ghana seeks stronger economic ties with Korea at Business Forum

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By Benjamin Nii Nai Anyetei

The Ghana Investment Promotion Centre (GIPC) has hosted a Korean business delegation at a Ghana–Korea Business Forum, aimed at strengthening trade, investment, and private-sector collaboration between the two countries.

Welcoming the delegation, the Chief Executive Officer of GIPC, Mr. Simon Madjie, reaffirmed that Ghana remains open for business and encouraged Korean investors to take advantage of emerging opportunities in key growth areas, including the 24-Hour Economy and the Big Push Agenda. He also highlighted ongoing regulatory reforms, which he said have improved predictability, transparency, and consistency in Ghana’s investment climate.

Contributing to the discussions, the Member of Parliament for Ekumfi, Hon. Othniel Ekow Kwainoe, and the Chairman of the Parliamentary Select Committee on Trade, Industry and Tourism, Alexander Roosevelt Hottordze, who is also the MP for Central Tongu, underscored Ghana’s readiness to attract investment and its openness to private-sector participation. They described the visit of the Korean delegation as timely and expressed optimism about deepening bilateral economic relations between Ghana and Korea.

Leading the Korean delegation, Mr. Choi acknowledged the strong existing ties between the two countries and called for a more practical and sustainable model of cooperation. He emphasised the importance of bilateral collaboration, particularly in the areas of education and skills development, as a foundation for a long-term partnership.

The Head of Investment Promotion and Business Development at GIPC, Mr. Kwame Kesse-Agyepong, delivered a comprehensive presentation on doing business in Ghana. He outlined the country’s enabling business environment, strategic geographic location, skilled human capital, and growing middle-income market. He also highlighted investment opportunities across priority sectors, including infrastructure, agriculture, and tourism.

The forum featured interactive engagements and a question-and-answer session, following an insightful presentation by the Ghana Free Zones Authority. It concluded with a business-to-business (B2B) session, which provided Ghanaian and Korean companies with the opportunity to network, exchange ideas, and explore potential partnerships.

The event was supported by key institutions, including the Ministry of Trade, Agribusiness and Industry, the Ministry of Foreign Affairs, Ghana WAIPA (World Association of Investment Promotion Agencies), and the Ghana Free Zones Authority, reflecting a coordinated national effort to attract quality foreign direct investment and strengthen international economic cooperation.

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