Finance

Ghana signs MoU with Korea Expressway Corporation to enhance road and transportation infrastructure

On Wednesday, June 5, 2024, Ghana’s Minister for Roads and Highways, Francis Asenso-Boakye (MP), signed a Memorandum of Understanding (MoU) with the Korea Expressway Corporation, South Korea’s state-owned entity responsible for expressway construction and operation.

The signing ceremony, held at the Westin Josun Hotel in Seoul, aims to boost collaboration and development in the road and transportation sectors of both nations.

The MOU focuses on strengthening cooperation between Ghana and South Korea in areas such as road and traffic policy, planning, operation, maintenance, and traffic management.

Minister Asenso-Boakye’s visit to Korea was part of his participation in the Korea-Africa Infrastructure Forum, organized by the Korean Ministry of Land, Infrastructure, and Transport during the ‘2024 Korea-Africa Summit’.

The Ghanaian government expects this agreement to significantly contribute to economic growth and improve regional connectivity.

By effectively managing major road and transportation projects, Ghana aims to enhance access between urban and rural areas, fostering comprehensive national development.

Asenso-Boakye expressed optimism about the MOU, highlighting the opportunity to leverage South Korea’s innovative technologies, expertise, and experiences.

He noted that the agreement would also facilitate exchange programs for technical experts, enhancing their capacity in their respective duties.

Ham Jin-Gyu, President of the Korea Expressway Corporation, remarked, “This agreement strengthens the friendly relations between our two countries and lays the groundwork for our business ventures in Africa. We will continue to pursue advancements in overseas road and transportation infrastructure projects.”

This collaboration marks a significant step for Ghana in improving its road and transportation infrastructure by utilizing international expertise to drive national progress.

 

Source: Ministry of Roads and Highways

Ogyem Solomon

Solomon Ogyem – Media Entrepreneur | Journalist | Brand Ambassador Solomon Ogyem is a dynamic Ghanaian journalist and media entrepreneur currently based in South Africa. With a solid foundation in journalism, Solomon is a graduate of the OTEC School of Journalism and Communication Studies in Ghana and Oxbridge Academy in South Africa. He began his career as a reporter at OTEC 102.9 MHz in Kumasi, where he honed his skills in news reporting, community storytelling, and radio broadcasting. His passion for storytelling and dedication to the media industry led him to establish Press MltiMedia Company in South Africa—a growing platform committed to authentic African narratives and multimedia journalism. Solomon is the founder and owner of Thepressradio.com, a news portal focused on delivering credible, timely, and engaging stories across Ghana and Africa. He also owns Press Global Tickets, a service-driven venture in the travel and logistics space, providing reliable ticketing services. He previously owned two notable websites—Ghanaweb.mobi and ShowbizAfrica.net—both of which contributed to entertainment and socio-political discussions within Ghana’s digital space. With a diverse background in media, digital journalism, and business, Solomon Ogyem is dedicated to telling impactful African stories, empowering youth through media, and building cross-continental media partnerships.

Related Articles

Back to top button