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Ghana–South Korea relations

Ghana	South Korea
Diplomatic mission
Ghana Embassy, South Korea	Embassy of South Korea, Accra

Ghana–South Korean relations are the bilateral relations between Ghana and South Korea. Ghana has an embassy in Seoul. South Korea has an embassy in Accra.

Economic relations

Comparatively, in 1960, Ghana had the same or a similar GDP per capita as South Korea. However, in 2017, Ghana had a GDP per capita of $1,641.487, while South Korea had a GDP per capita of $29,742.839. This is about ten times the GDP of Ghana per capita.

Ghana's top product exported to South Korea is cocoa beans, estimated at $11.5 million in 2020. Ghana's total exports to South Korea in 2020 were estimated at $34 million. Other commodities exported from Ghana to South Korea are scrap copper, valued at $8.85 million in 2020, and industrial fatty acids, oils, and alcohols, valued at $6.56 million. On the other hand, South Korea's exports to Ghana in 2020 were estimated at $225 million. This is approximately seven times higher than Ghana's exports to South Korea. South Korea's top two commodities exported to Ghana were cars (estimated at $24.8 million) and delivery trucks (estimated at $15.8 million).

See also

• Foreign relations of Ghana
• Foreign relations of South Korea

References

1. Adu Amoah, Lloyd G.; Asante, Kwasi (2019-03-07). "Ghana-Korea Economic Relations – The Record after 40 Years and the Future". African and Asian Studies. 18 (1–2). Brill: 6–39. doi:10.1163/15692108-12341414. ISSN 1569-2094. S2CID 151231028.
2. "Ghana (GHA) and South Korea (KOR) Trade - The Observatory of Economic Complexity". OEC - The Observatory of Economic Complexity. 1995-01-01. Retrieved 2023-01-02.

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