The Executive Chairman of the Jospong Group of Companies, Dr. Joseph Siaw Agyepong has called for mutually beneficial investment relationship between South Korea and African businesses.
He said Ghana and Africa in general have a lot to gain from their relationship with South Korea in terms of business and development in all sectors of their respective economies.
“Opportunity is important in business…South Korea has advanced technology in renewable energies such as solar and wind power which can benefit our continent.
“South Korea has capacity that can benefit African businesses and they need to unleash that to benefit the continent and Ghana.
“The Private sector is ready to partner Korea which must remove restrictions and bureaucracy as it seeks to support 48 African nations,” Dr. Siaw Agyepong stated.
The Jospong Group Executive Chairman said these whilst speaking in a television interview after the just ended Korean-African Summit in Kintex, South Korea.
He commended the South Korean President Yoon Suk-Yeol for his commitment to boosting support for Africa, including enhanced trade and investment pledges.
“The whole world is about climate change,” Dr. Agyepong said adding, “In Ghana Jospong Group has tackled waste management as a serious issue, from collection, haulage, composting, recycling and other forms of treatments.”
The Summit focused on key initiatives like Economic Partnership Agreements, Trade and Investment Promotion Frameworks, and support for the African Continental Free Trade Area.
During the Summit, South Korea announced plans to increase official development assistance to $10 billion by 2030 and provide $14 billion in export financing.
Dr. Agyepong further stressed the need for collaboration in critical areas like minerals, digital transformation, climate change, food security, and public health.
The Korea-Africa Summit, held on June 4-5, 2024, in Ilsan and Seoul, aimed to boost cooperation, address global challenges, and promote collective strength for sustainable development.
