Foreign Affairs Minister Samuel Okudzeto Ablakwa has announced that President John Mahama has returned from a historic state visit to Singapore, securing over $1 billion in new investment deals for Ghana.
In a statement, the Minister stated that this marks the first time a Ghanaian president has been invited on a state visit by a Singaporean head of state.
The visit, which concluded with a series of high-level agreements, is seen as a major step forward for President Mahama’s “Reset Agenda,” a policy aimed at revitalizing key sectors of the Ghanaian economy.
According to him, the investment deals cover a broad range of industries, from agriculture and infrastructure to technology and education.
Key among the agreements is a $200 million investment from OLAM for new projects, including a pasta processing plant and feed mills for poultry and aquaculture. These projects are projected to create around 4,000 jobs.
Another significant partnership is with Shangri-la, which has pledged $300 million to build a five-star hotel with a grand mall and convention center. The project aims to establish Ghana as a premier destination for conferences in West Africa.
He posited that beyond these major deals, the visit yielded a number of other important commitments. Investments in enhancing security at Kotoka International Airport, expanding Tema Port, and reviving the Tema dry dock were all secured.
Additionally, a new jetty for oil ships is also on the books. In a bid to improve road quality, Ghana will cooperate with Singapore’s Land Transport Authority to establish testing labs to ensure durable construction materials are used.
The central banks of both nations will also collaborate on a common payment platform to boost trade between Africa and Asia. In education, a new 10,000-capacity student hostel will be built for the University of Ghana, and a partnership with the Singapore Institute of Technology (SIT) will lead to the creation of a model Accra Institute of Technology.
In addition to the economic agreements, the two countries signed a memorandum of understanding (MoU) for regular political consultations.
They also agreed to finalize a Bilateral Investment Treaty (BIT) and secured support for ORAL, a capacity-building initiative for forensic investigators.
As part of a public service reset initiative, the first group of 18 Chief Directors from Ghana’s ministries will travel to Singapore next month for a leadership bootcamp focused on knowledge-sharing.
President Mahama also announced plans to establish a Ghanaian consulate in Singapore by 2026, while Singapore has already opened an Enterprise Singapore office in Accra to oversee its investments in West Africa.
Read the full statement below
His Excellency John Mahama has become the first Ghanaian President in history to be invited by a President of Singapore on a State Visit.
But his visit was not just for the history books; he made profound impact by securing US$1billion worth of investment deals.
Here are some of the major investment partnerships integral to President Mahama’s Reset Agenda:
1) OLAM has committed to spend US$200million for establishing new projects in Ghana. The projects include a new 43,000 metric ton pasta processing plant to be opened next year and feed processing plants for poultry and aquaculture. Some 4,000 jobs are expected to be created;
2) Shangri-la has pledged to construct a US$300million green ultra-modern iconic 5-Star Hotel with a grand mall for local and international brands and a convention centre to make Ghana the West African conference destination;
3) A 10,000 capacity students hostel for the University of Ghana;
4) New Kotoka International Airport enhanced security and scanners project which aligns with latest global standards to check smuggling and drug trafficking;
5) Cooperation to expand Ghana’s Tema Port and revive the Tema dry dock;
6) Construction of a new jetty for oil ships;
7) Cooperation with Singapore’s Land Transport Authority to establish Testing Labs across Ghana to ensure only certified quality materials are used to construct durable roads;
8)Collaboration of the central banks of Ghana and Singapore to launch a common payment platform to boost trade and international commerce between Africa and Asia;
9) A TVET arrangement with the Singapore Institute of Technology (SIT) to establish a model Accra Institute of Technology;
10) Execution of projects under our bilateral Carbon Credit Agreement.
In addition to these transformative projects — Ghana and Singapore signed an MoU for regular high-level political consultations, agreed to finalize negotiations on a Bilateral Investment Treaty (BIT) and secured support for ORAL through a capacity building cooperation for forensic investigators.
Also, under a special public service reset initiative, the first batch of 18 Chief Directors of Ghana’s Ministries will travel to Singapore next month (September 2025) for an intensive capacity building and knowledge-sharing leadership bootcamp.
President Mahama announced that Ghana is set to establish a Consulate in Singapore by 2026.
Singapore has already opened Enterprise Singapore in Accra to oversee its West African investment portfolio.
As President Tharman Shanmugaratnam of Singapore indicated: “President Mahama is a man on a mission. He is determined to see his country and its young population succeed.”
Our two modern founding fathers who instructively were great friends and were noted for their frequent exchange of letters — Kwame Nkrumah and Lee Kuan Yew, will be exceedingly ecstatic with the rekindling of high-level impactful Ghana-Singapore relations.
We shall continue to make sure our approach to diplomacy delivers the transformation and reset Ghanaians voted for, overwhelmingly.
For God and Country ???????? ????????
By: Rainbowradioonline.com/Ghana
