Accra: Trade between Ghana and the Republic of Korea reached 380 million US dollars in 2025, marking an increase over the 2024 figure, Korean Ambassador to Ghana, Park Kyongsig has stated. This rise in trade volumes signifies a strengthening of economic relations between the two nations, driven by expanding business interests, investment opportunities, and cooperation across key sectors.
According to Ghana News Agency, the consistent uptick in trade highlights deepening bilateral cooperation, spurred by cultural exchange, business engagement, and investor confidence in Ghana's economic climate. Ambassador Park made these remarks during an interview on the sidelines of a Korean cuisine cooking class organized by the Embassy of the Republic of Korea in Ghana, held in Accra.
The relations between Ghana and Korea have evolved significantly, with a focus on industrialization, technology transfer, and infrastructure development. Korea's contribution to Ghana includes capacity building, technical assistance, and knowledge sharing, notably through initiatives aligned with Ghana's industrial transformation agenda.
Korean companies have played a pivotal role in Ghana's construction, electronics, and manufacturing sectors, contributing to job creation and skills development. The gradual rise in bilateral trade is supported by favorable policies and growing investor interest, as both countries explore new cooperation avenues, including digital innovation and green technology.
The Ambassador noted that Ghana remains an attractive destination for Korean investors, with approximately 20 Korean companies operating in the country, using Ghana as a strategic base to expand into the West African sub-region. 'Trade between our two countries is increasing year by year, and we are seeing more interest from Korean businesses looking to establish operations in Ghana,' he remarked.
Ambassador Park expressed optimism that ongoing reforms in Ghana's investment regime would further enhance the business environment and attract additional Korean investments in sectors such as manufacturing, construction, technology, and services. Beyond economic indicators, he emphasized the role of people-to-people relations and cultural diplomacy in strengthening trade partnerships.
Growing interest in Korean culture, including food, music, and film, has contributed to building stronger connections between the two populations, thereby creating a favorable environment for trade and investment. 'Cultural exchange is very important because it forms the foundation for stronger economic cooperation and future development,' he stated.