President John Mahama has extended a special invitation to Singaporean business leaders and investors, reiterating that Ghana is open for business.
The President extended the invitation in his address at the Eighth Africa-Singapore Business Forum in Singapore City on the theme: “Bridging Capabilities, Charting Sustainable Growth”.
He noted that Ghana, through the Economic Community of West African States (ECOWAS), could connect businesses and investors to more than 400 million consumers in West Africa.
“We offer political stability, a rules-based environment, a double taxation agreement with Singapore in force since 2019, and a growing base of Singaporean investors—69 companies registered with cumulative investments exceeding $2 billion,” the President said.
He declared Ghana a trusted entry point to scale across the continent.
“We know credibility is earned. We are pursuing a deliberate national reset: stabilising the macroeconomy, restoring confidence and reforming how we do business. Inflation is easing, the cedi has stabilised, and ratings outlooks are improving,” President Mahama said.
“We are simplifying regulations through our Business Regulatory Reforms, and we are reviewing our Investment Promotion Act—including the removal of minimum capital thresholds for foreign investors—to make it easier and faster to partner, whether through joint ventures or wholly-owned investments.”
The President said the Ghana Investment Promotion Centre now provides sector-specific, region-by-region opportunity maps to help investors make decisions based on credible data.
“Our economic strategy is anchored in productivity, exports and jobs. We call it the 24-Hour Economy—for a reason. Ghana is open for Business 24 hours a day,” he said.
“We are aligning infrastructure, incentives, and skills so factories, farms, ports, and service centres can operate round-the-clock shifts safely and competitively.”
He noted that at the core of this was the Volta Economic Corridor—the nation’s most ambitious integrated development to date.
He reiterated that the Volta Corridor had four pillars – Grow24: Irrigating more than two million hectares for year-round farming, and Make24: Agro-industrial parks for textiles, pharmaceuticals and food processing.
The rest are Show24: Tourism and hospitality along one of the world’s great inland lakes, and Connect24: transforming Lake Volta into a cost-efficient inland transport spine, reducing logistics costs and linking farms, factories and markets.
He said the Government was complementing this with catalytic projects—the Legon Pharmaceutical Innovation Park, the Kumasi Machinery and Technology Park, the Akosombo-Juapong Garments and Textiles Park, Digital TVET Centres of Excellence, and renewable energy corridors.
He said the nation’s Big Push Infrastructure Programme would accelerate roads, power and digital connectivity to crowd-in private capital and unlock scale.
He emphasised that Singapore’s strengths aligned perfectly with Africa’s and Ghana’s priorities.
The President proposed five practical pillars where they could bridge capabilities and chart shared growth.
These include Efficient, green supply chains: Partner with Ghana to modernise ports, inland waterways and cold chains.
He said Singapore’s world-class logistics and standards could reduce Africa’s trade costs and unlock export competitiveness.
He said pillar two was Agribusiness and food systems: From precision irrigation to processing and packaging, stating that Singaporean technology and African scale could turn their farms into reliable suppliers for Asia, the Middle East and Europe.
The President said the third pillar was clean energy and carbon markets, noting that Ghana and Singapore had signed an Article 6 Implementation Agreement in 2024.
“We have established a Carbon Markets Office and Ghana Carbon Registry, anchored in new environmental legislation, to ensure transparency and alignment with international standards,” he stated.
“Invest with us in renewable energy, waste-to-energy, regenerative agriculture and forestry. Generate high-integrity credits while delivering jobs, clean air and resilience.”
The fourth pillar the President cited was the Digital economy and services.
This, he urged the Singaporean Businesses to build with Ghansa on e-payments, cybersecurity, digital ID and smart government, create BPO and shared-service hubs to serve Africa from Accra.
The fifth pillar, the President said, was advanced manufacturing and critical minerals; declaring that Ghana had strong manganese output and significant lithium potential, alongside graphite, gold, copper and rare earth prospects.
President Mahama said the policy was value addition at home—battery precursors, components and downstream manufacturing—powered by clean energy and world-class standards.
He said Enterprise Singapore had been an outstanding partner in building these bridges, helping Ghanaian firms access Asian markets and enabling Singaporean champions to succeed in Ghana, saying “We deeply appreciate this”.
“Together, we can scale what works—project preparation, blended finance, guarantee instruments, and SME matchmaking—so that more deals move from MoUs to operations.”
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