The Republic
of Korea will soon approve US$100 million to finance the establishment of the
University of Environment and Sustainable Development at Somanya in the Eastern
Region.
In addition,
Korea is working on the expansion of funding facilities to provide more
infrastructure projects in Ghana.
Currently,
they have two ongoing projects; one being the Wa Water Supply System
Development Project, for which the Korea
Exim Bank provided US$55 million to finance and the other is the Prestea-Kumasi Power Enhancement Project valued at US$67 million.
Exim Bank provided US$55 million to finance and the other is the Prestea-Kumasi Power Enhancement Project valued at US$67 million.
The Korean
Ambassador to Ghana, Woon-Ki Lyeo, announced this at a function to inaugurate
the new building that would house the chancery and residence for the Korean
Embassy in Accra and to celebrate the Korean National Day.
“My embassy
and I want to be good mediators for Ghana in emulating South Korea’s fast and
compact growth,” he said.
The function
was attended by Ghana’s Minister of Foreign Affairs and Regional Integration,
Hanna Serwah Tetteh, Ministers of State, Members of Parliament, members of the
Diplomatic Corps, Religious and Traditional Leaders, Members of Academia and
the Korean Community in Ghana.
The Korean
government, he announced, was undertaking the improvement of the Akumadan
Irrigation System and the vegetable production project in the Offinso North
District in the Ashanti Region, which started in 2015 and be completed in 2018,
with a budget of US$2.7 million.
In addition,
he said his government was planning to start a new Saemaul Undong Project,
which would contribute to Ghana’s sustainable rural development.
Mr. Lyeo also
said the Korean International Cooperation Agency (KOICA) was providing
assistance in improving Community-Based Primary Health Planning and Services
(CHPS) Compound in the Upper East Region at the cost of US$9million during
2016-2020.
Moreover, he
noted, the Korean government was supporting maternal and child health in the
Volta Region with US$6 million.
Touching on
the construction of the new building, Mr. Lyeo said work began in November 2014
just after he had arrived in Ghana and now it had been successfully completed
and added that the embassy moved into the premises.
“This new
building project was a longstanding wish of the Korean Community in Ghana and
now is one of the greatest tangible achievements under the cooperation between
the Republic of Ghana and the Republic of Korea,” he added.
The ambassador
thanked the Ghanaian government for its support during the process of
procurement of the land and the construction period.
In her
address, the Minister of Foreign Affairs gave the assurance that the government
of Ghana was totally committed to ensuring the holding of free and fair
presidential and parliamentary elections December 7, 2016, as a prerequisite
for peace and stability in the country.
“It is only in
such an environment that we can engender the growth and development we so much
desire for this country,” she emphasized.
For this
election year, she said, Ghana would be counting on the support of its
development partners.
Mad. Tetteh
noted that this support will help nurture Ghana’ young democracy and build
strong and viable democratic institutions that would manage the rule of law and
respect for human rights.
The Minister
said it was gratifying to note that since the establishment of diplomatic ties
in 1977, Korea had played – and continued to play – a highly supportive role in
the socio-economic development of Ghana.
She mentioned
in particular, the commitment of $6.18 million in support of capacity building
for farmers and farmer based organisations in Northern Ghana and others in
Offinso-North District and the Upper East Region.
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