<<Print>>

Vice President John Dramani Mahama returned home from the Republic of Korea after a four-day official visit at the invitation of the Asian country. He led a high level government delegation made up of ministers of state, members of parliament and businessmen. Briefing journalists on the visit at the Kotoka International Airport, Mr. Alban Bagbin, Minister of Water Resources, Works and Housing, said during the visit, Korea re-affirmed is commitment to participate in Ghana socio-economic development. He said the vice-president reassured the government of Korea of peace and stability in Ghana, which guaranteed secure foreign direct investment, and joint venture partnerships in the country. According to him, the national housing project, which consists of 200,000 units of housing all over the country, estimated to cost $10, billion, construction and operation of industrial plants, subsidization and improvement of the operations of the Tema Oil Refinery (TOR) and vocational training of Ghanaian human resources were being supported by Korea investments. Mr. Bagbin said other potential areas of Korean Investment and involvement include shipping and transportation. According to him, the Ghanaian delegation discussed and EXIM facility with their Korea counterparts, after which EXIM Bank officials agreed to remove all obstacles to the disbursement of the facility. He said the delegation welcomed the prospect of a visit to Africa, including Ghana by the President of the Republic of Korea later in the year. The vice president was met the airport by government officials.