Ghana is set to host a Hyundai automotive manufacturing plant as South Korea expands its economic footprint in Africa, in a development expected to advance the country’s industrialisation agenda and strengthen its position as a regional manufacturing hub.
The announcement was made by Ghana’s Minister for Foreign Affairs, Samuel Okudzeto Ablakwa, following the 2026 Korea–Africa Foreign Ministers’ Meeting in Seoul, which he co-chaired with South Korea’s Foreign Minister Cho Hyun.
According to the minister, the planned Hyundai facility will serve the West African market and is expected to boost local vehicle production, create jobs, and attract further investment into Ghana’s growing industrial sector.
“This year, our two countries will open a new university in Ghana; establish a West Africa Hyundai Automotive Manufacturing Plant in Ghana, and launch new solar irrigation systems,” Mr Ablakwa said in a statement after the meeting.
The establishment of the Hyundai plant is being viewed as a major step in Ghana’s efforts to attract manufacturing investment and reduce dependence on raw commodity exports by building value-added industries.
Beyond the automotive project, Ghana and South Korea have also agreed to deepen cooperation in sectors including artificial intelligence, energy, and critical minerals, areas seen as central to global technological and green-energy transitions.
Mr Ablakwa noted that discussions focused on strengthening a partnership anchored on industrialisation, value addition, job creation, and improving Africa’s returns from global economic engagement.
The minister also highlighted the urgency of creating employment opportunities for Africa’s growing youth population, describing industrial development as a key policy priority across the continent.
South Korea’s transformation from a developing economy into a global manufacturing and technology leader continues to make it an attractive partner for African countries seeking industrial expansion and technology transfer.
Ghana and South Korea are also progressing discussions on a broader visa waiver arrangement. While visa-free travel has already been agreed for diplomatic and service passport holders, negotiations are ongoing to extend the arrangement to all passport categories.
The new agreements come as both countries prepare to mark 50 years of diplomatic relations next year, with the Hyundai plant and related projects seen as a significant milestone in their economic partnership,
Citinewsroom
