diff --git a/CHANGELOG.md b/CHANGELOG.md
index 80aefed51cd..2c3fb917e26 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -61,6 +61,7 @@ Ref: https://keepachangelog.com/en/1.0.0/
 * (apps/27-interchain-accounts) [\#2251](https://github.com/cosmos/ibc-go/pull/2251) Adding `msgServer` struct to controller submodule that embeds the `Keeper` struct.
 * (apps/27-interchain-accounts) [\#2290](https://github.com/cosmos/ibc-go/pull/2290) Changed `DefaultParams` function in `host` submodule to allow all messages by default. Defined a constant named `AllowAllHostMsgs` for `host` module to keep wildcard "*" string which allows all messages.   
 * (apps/27-interchain-accounts) [\#2297](https://github.com/cosmos/ibc-go/pull/2297) Adding cli command to generate ICS27 packet data.
+* (modules/core/keeper) [\#1728](https://github.com/cosmos/ibc-go/pull/2399) Updated channel callback errors to include portID & channelID for better identification of errors.
 
 ### Features
 
diff --git a/modules/core/keeper/msg_server.go b/modules/core/keeper/msg_server.go
index c33b17d3de8..9537b7a7150 100644
--- a/modules/core/keeper/msg_server.go
+++ b/modules/core/keeper/msg_server.go
@@ -188,7 +188,7 @@ func (k Keeper) ChannelOpenInit(goCtx context.Context, msg *channeltypes.MsgChan
 	// Perform application logic callback
 	version, err := cbs.OnChanOpenInit(ctx, msg.Channel.Ordering, msg.Channel.ConnectionHops, msg.PortId, channelID, cap, msg.Channel.Counterparty, msg.Channel.Version)
 	if err != nil {
-		return nil, sdkerrors.Wrap(err, "channel open init callback failed")
+		return nil, sdkerrors.Wrapf(err, "channel open init callback failed for port ID: %s, channel ID: %s", msg.PortId, channelID)
 	}
 
 	// Write channel into state
@@ -229,7 +229,7 @@ func (k Keeper) ChannelOpenTry(goCtx context.Context, msg *channeltypes.MsgChann
 	// Perform application logic callback
 	version, err := cbs.OnChanOpenTry(ctx, msg.Channel.Ordering, msg.Channel.ConnectionHops, msg.PortId, channelID, cap, msg.Channel.Counterparty, msg.CounterpartyVersion)
 	if err != nil {
-		return nil, sdkerrors.Wrap(err, "channel open try callback failed")
+		return nil, sdkerrors.Wrapf(err, "channel open try callback failed for port ID: %s, channel ID: %s", msg.PortId, channelID)
 	}
 
 	// Write channel into state
@@ -267,7 +267,7 @@ func (k Keeper) ChannelOpenAck(goCtx context.Context, msg *channeltypes.MsgChann
 
 	// Perform application logic callback
 	if err = cbs.OnChanOpenAck(ctx, msg.PortId, msg.ChannelId, msg.CounterpartyChannelId, msg.CounterpartyVersion); err != nil {
-		return nil, sdkerrors.Wrap(err, "channel open ack callback failed")
+		return nil, sdkerrors.Wrapf(err, "channel open ack callback failed for port ID: %s, channel ID: %s", msg.PortId, msg.ChannelId)
 	}
 
 	// Write channel into state
@@ -301,7 +301,7 @@ func (k Keeper) ChannelOpenConfirm(goCtx context.Context, msg *channeltypes.MsgC
 
 	// Perform application logic callback
 	if err = cbs.OnChanOpenConfirm(ctx, msg.PortId, msg.ChannelId); err != nil {
-		return nil, sdkerrors.Wrap(err, "channel open confirm callback failed")
+		return nil, sdkerrors.Wrapf(err, "channel open confirm callback failed for port ID: %s, channel ID: %s", msg.PortId, msg.ChannelId)
 	}
 
 	// Write channel into state
@@ -326,7 +326,7 @@ func (k Keeper) ChannelCloseInit(goCtx context.Context, msg *channeltypes.MsgCha
 	}
 
 	if err = cbs.OnChanCloseInit(ctx, msg.PortId, msg.ChannelId); err != nil {
-		return nil, sdkerrors.Wrap(err, "channel close init callback failed")
+		return nil, sdkerrors.Wrapf(err, "channel close init callback failed for port ID: %s, channel ID: %s", msg.PortId, msg.ChannelId)
 	}
 
 	err = k.ChannelKeeper.ChanCloseInit(ctx, msg.PortId, msg.ChannelId, cap)
@@ -354,7 +354,7 @@ func (k Keeper) ChannelCloseConfirm(goCtx context.Context, msg *channeltypes.Msg
 	}
 
 	if err = cbs.OnChanCloseConfirm(ctx, msg.PortId, msg.ChannelId); err != nil {
-		return nil, sdkerrors.Wrap(err, "channel close confirm callback failed")
+		return nil, sdkerrors.Wrapf(err, "channel close confirm callback failed for port ID: %s, channel ID: %s", msg.PortId, msg.ChannelId)
 	}
 
 	err = k.ChannelKeeper.ChanCloseConfirm(ctx, msg.PortId, msg.ChannelId, cap, msg.ProofInit, msg.ProofHeight)