\n
The government of Ghana has secured major financial aid to boost its development aspirations. Ghana has signed a $2 billion framework arrangement with South Korea\u2019s Economic Development Cooperation Fund (EDCF).<\/p>\n
The agreement reached at the 2024 Korea-Africa Summit, will ensure the implementation of government\u2019s flagship policies across all sectors of the economy.<\/p>\n
The sectors that will benefit the most include infrastructure, agriculture, health, education, energy, roads, and transport in the next half-decade.<\/p>\n
Representing Ghana during the signing ceremony was Dr. Mohammed Amin, the finance minister. The deal marks a significant milestone in fostering the bilateral relationship between the two countries.<\/p>\n
\u201cThe signing of the 2024-2028 Framework Arrangement represents a renewed commitment to our shared vision of sustainable development and prosperity,\u201d Dr. Amin Adam stated, underscoring the strategic importance of the deal.<\/p>\n
The deal is historic as it marks the first time a country has committed such an amount on concessional terms. Dr. Amin Adam thanked the South Korean government on behalf of the state.<\/p>\n
\u201cOn behalf of His Excellency President\u00a0Nana Addo Dankwa Akufo-Addo\u00a0and the good people of Ghana, I want to express our sincere gratitude to the Korean government and the EDCF for their continued partnership and commitment to our development journey,\u201d the minister said.<\/p>\n
The $2 billion financing facility is poised to catalyze transformative projects across multiple sectors, propelling Ghana\u2019s development ambitions to new heights.<\/p>\n
Dr. Amin Adam highlighted the deal\u2019s potential impact, stating, \u201cWith the provision of $2 billion from EDCF, we will embark on transformative projects that are set to redefine our nation\u2019s infrastructure landscape. High-speed railways, highways, and sustainable energy systems are on our agenda.\u201d<\/p>\n
EAN\/OGB<\/p>\n
Source:\u00a0<\/strong>www.ghanaweb.com<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"
The government of Ghana has secured major financial aid to boost its development aspirations. Ghana has signed a $2 billion framework arrangement with South Korea\u2019s Economic Development Cooperation Fund (EDCF). The agreement reached at the 2024 Korea-Africa Summit, will ensure the implementation of government\u2019s flagship policies across all sectors of the economy. The sectors that […]<\/p>\n","protected":false},"author":1,"featured_media":187563,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-187562","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"\n
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