In 1966, Goh was made an Honorary Fellow of the LSE. In 1972 he was the recipient of the Ramon Magsaysay Award for Government Services, which is often regarded as Asia's Nobel Prize. It is awarded to people who have demonstrated integrity in government, courageous service to the people, and pragmatic idealism within a democratic society. The same year, the Philippine Government conferred upon him the Order of Sikatuna, which is given to diplomats, officials and nationals of foreign states who have rendered conspicuous services in fostering, developing and strengthening relations between their country and the Philippines.