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Mahama praises South Korea for debt relief.

Written by on June 27, 2024

John Dramani Mahama, the flagbearer of the National Democratic Congress (NDC), has conveyed gratitude to the South Korean government for forgiving Ghana’s debt. He emphasized that this gesture will bolster Ghana’s efforts in restructuring its debt amidst current economic challenges.

The statement follows a courtesy visit by South Korean Ambassador to Ghana, Park Kyongsig, to Mahama’s office in Accra.

“In a recent Facebook post, the former president expressed his gratitude to the South Korean government for forgiving Ghana’s debt.

It was a privilege to meet with Ambassador Park Kyongsig of South Korea to discuss the invaluable support and investments that South Korea has pledged to Ghana. I expressed my heartfelt appreciation for forgiving Ghana’s debt, which will greatly strengthen our efforts to restructure our debt amidst these challenging economic times.

“Our conversation also focused on the $2 billion framework agreement, a substantial investment that will have a significant impact on vital sectors including healthcare, education, the environment, and agriculture.

“This agreement, along with the introduction of new rice varieties, holds great promise for improving food self-sufficiency in Ghana. South Korea’s dedication to strengthening our agricultural sector is commendable and will undoubtedly have a significant impact.

“I also discussed with Ambassador Park the National Democratic Congress’ intentions to establish rice mills and farmer service centers to further enhance our agricultural capabilities,” he stated.

As the country prepares for the 2024 general elections in December, John Mahama appealed to the international community to join the NDC to advocate for free and fair elections.

“As we gear up for the upcoming elections, I raised concerns about the independence of the Electoral Commission. I urged South Korea and the international community to swiftly advocate for free and fair elections in Ghana, an issue of utmost importance.

“I am grateful for the support and look forward to the continued partnership between Ghana and South Korea,” he added.


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