Former President John Dramani Mahama has called on Korea to partner Ghana in strengthening trade relations among the two nations.
In his address at the Korea- Africa Business Summit 2023 in Seoul, Mr Mahama wooing Korea to partner the country said Ghana has a significant endowment in natural resources.
He noted that Ghana is blessed with gold, bauxite, manganese, oil, and, lately, lithium adding that “a collaboration between Ghana and Korea to use Ghanaian lithium to build batteries for the EV revolution in the world would be a mutually beneficial venture.”
“Korea is a leading shipbuilding nation. Ghana has a shipyard built by our first President. It requires retooling and efficient management. A partnership between the Korean shipbuilding industry and the Ghana Ports and Harbours Authority (GPHA) will make the shipyard the sole provider of services to merchant vessels and oil vessels from Mauritania to Namibia,” Mr Mahama said.
He further persuaded the Koreans that there is an excellent opportunity for the introduction of feeder vessels along the coast of Africa to redistribute African-produced goods and imported cargo at a more optimal cost than is currently the case.
Touching on other sectors of investment, the former Ghanaian leader noted that the power sector presents an enormous opportunity for Korean investments in Africa.
He stated that the continent has a huge demand for energy to drive its economic growth and while Korea has the technology and know-how in the traditional energy sector and renewables, there is no better case for cooperation than this.
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