Ghana, South Korea Sign Key Agreements to Deepen Economic and Strategic Cooperation

Ghana and South Korea have signed three Memoranda of Understanding (MoUs) aimed at strengthening cooperation in maritime security, climate action and digital technology, as the two countries move to deepen economic and strategic ties.

The agreements were finalised on Wednesday following bilateral talks between John Dramani Mahama and Lee Jae-myung, marking a new phase in relations between Ghana and South Korea.

Speaking after the meeting, President Mahama said the agreements reflected the long-standing partnership between the two countries, underpinned by shared democratic values and a commitment to human rights. He noted that the relationship has enabled both nations to align positions on several global issues within multilateral institutions, particularly the United Nations.

Mahama also highlighted opportunities to expand cooperation in agriculture and agro-industrial development as Ghana seeks to boost domestic rice production and strengthen national food security. He said partnerships supported by the Korea International Cooperation Agency are expected to play a key role in advancing these efforts.

The Ghanaian leader further pointed to growing prospects for economic collaboration through the African Continental Free Trade Area, whose secretariat is based in Accra. The trade bloc positions Ghana as a potential production and export hub for companies seeking access to the wider African market.

Mahama expressed optimism that combining Ghana’s natural resources and human capital with South Korea’s technological expertise could generate mutual economic benefits and drive sustainable development in both countries.

Officials say the new agreements are expected to strengthen collaboration in priority sectors while expanding trade, investment and technological exchange between the two nations.