Ghana is positioning itself to move beyond raw mineral exports by partnering with South Korea to explore and add value to its rich reserves of critical minerals. President John Dramani Mahama emphasized the importance of leveraging both Ghana’s natural resources and Korea’s technological expertise to boost the nation’s industrial capacity.
“Ghana, like many African countries, is endowed with critical minerals,” President Mahama said. “We are currently exploiting bauxite, manganese, and gold, and recent discoveries of lithium, nickel, and other rare minerals open new avenues for economic growth.”
With bilateral talks with President of South Korea, Mahama highlighted that the partnership with Korea is aimed at more than just extraction. “We believe that by collaborating with Korea, we can process and add value to these minerals here in Ghana,” he noted. “This will allow us to export higher-value products, not only to Korea but to other countries as well, creating jobs and fostering industrial development at home.”
Ghana’s strategy aligns with its broader goal of industrialization and sustainable development, ensuring that the country maximizes the economic potential of its mineral wealth rather than relying solely on raw material exports.
President Mahama concluded, “Our vision is clear: we want to harness our resources responsibly, utilize technology for value addition, and build partnerships that bring mutual benefits. This is how Ghana will secure a stronger economic future.”
