Korea International Cooperation Agency, KOICA, is to be established in Ghana to facilitate Korea investors wanting to do business in the country. While working to attract investors to the country, the agency will also coordinate Government of Ghana activities with the Korea government.
This came to light when a delegation from Samsung Group, a multinational conglomerate corporation headquartered in Samsung Town, Seoul, South Korea called on the Vice President John Dramani Mahama at the castle, Osu.
The delegation is in the country to conduct feasibility studies at Cape three point in the Western Region where they have expressed interest to construct a specialize port.
The delegation also expressed interest in some other areas that they want to invest especially in the road construction sector.
The Vice President of Samsung Group, Han Hyung Ha, said the group's main desire is to help the government of Ghana to improve on the countries infrastructural to make Ghana compete with the advanced nations.
Mr Ha said Korea is ready to partner with the government of Ghana to deliver on the better Ghana agenda. He said Ghana is an economically viable country with lot of potential and prospects which the Korea want to assist Ghana to realize.
Vice President, Dramani Mahama, commended the Korean Government for the prompt action taken to establish KOICA in Ghana.
He said the government will ensure that the strong bonds of relations that exist between the two countries are consolidated. He said Samsung Group will be given all the needed assistance to ensure that their investment in Ghana is worthwhile not only to them but to the people of Ghana as it will employ most of the unemployed youth.
Meanwhile the Minister of Water Resources, Works and Housing, Alban Bagbin, will on Monday sign the final agreement with STX Engineering and Construction Ghana Limited to pave the way for the construction of 200,000 housing unit under the Ghana National Housing Project.
Vice President John Dramani Mahama will be the special guest of honor at the signing ceremony.
The Korean Ambassador to Ghana, Jee Sang, has congratulated the Government of Ghana for the bold step taken to approve the deal.
He said Korea is delighted to be contributing to the housing needs of Ghanaians and assured of a speedy and quality discharge of the project.
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