President John Dramani Mahama has called on Singaporean investors to scale up trade and investment in Ghana, highlighting the country as a stable, reform-oriented gateway to Africa’s $3.4 trillion market.
Speaking at the 8th Africa–Singapore Business Forum, President Mahama revealed that trade between Ghana and Singapore reached over US$215 million in 2024, and announced an ambitious target to grow this figure into the billions. He stressed Ghana’s readiness to deepen ties with Asia and expand business opportunities across the continent.
“Africa is investable, and Ghana is your reliable gateway,” he told a gathering of government leaders and business executives. “With a young, fast-urbanising population of 1.4 billion people, Africa offers enormous market potential, innovation, and resources ready for scalable solutions.”
President Mahama outlined Ghana’s strategic advantages, including political stability, a rules-based environment, and a double taxation agreement with Singapore. He highlighted that 69 Singaporean companies are already operating in Ghana with cumulative investments exceeding US$2 billion, and invited new investors to tap into the African Continental Free Trade Area (AfCFTA), which offers access to a 400 million-strong West African market.
Ghana’s “24-Hour Economy” initiative featured prominently in his presentation. The model, he said, ensures round-the-clock productivity across key sectors including agriculture, manufacturing, logistics, and services. Projects under the Volta Economic Corridor—such as Grow24, Make24, Show24, and Connect24—aim to transform the region through integrated agro-industrial parks, tourism hubs, and inland transport networks.
The President also highlighted catalytic infrastructure projects in pharmaceuticals, renewable energy, digital skills, and manufacturing, designed to attract private capital and accelerate economic growth.
“Put Ghana’s readiness to the test,” he urged investors, announcing a Presidential Business Roundtable as part of his state visit, where regulators and government officials will provide direct access to investment opportunities and incentives.
Mahama concluded by positioning Ghana as a long-term partner for Singaporean investors, emphasizing integrity, predictability, and scale as hallmarks of the country’s investment climate.
“With reforms stabilizing our macroeconomy, improving business regulations, and simplifying investment processes, Ghana is open for business 24 hours a day,” he said.
