President of the Republic of Ghana, H.E. John Dramani Mahama, has become the first Ghanaian Head of State in history to be officially invited on a State Visit to Singapore by President Tharman Shanmugaratnam.
But beyond the historic symbolism, the visit yielded tangible results, as President Mahama secured an estimated US$1 billion worth of investment deals for Ghana, advancing his administration’s Reset Agenda for economic transformation.
Major Investment Partnerships
During the visit, several landmark agreements and projects were announced:
1. OLAM Projects (US$200m) – OLAM committed US$200 million towards new initiatives, including a 43,000 metric ton pasta processing plant set to open next year and feed processing plants for poultry and aquaculture. These projects are expected to create about 4,000 jobs.
2. Shangri-La 5-Star Hotel & Convention Centre (US$300m) – The global luxury brand pledged to construct a green ultra-modern 5-star hotel, featuring a grand mall for local and international brands and a world-class convention centre. The project is designed to position Ghana as a premier West African conference and tourism hub.
3. University of Ghana Hostel – A 10,000-capacity student hostel will be built to ease accommodation challenges at the country’s premier university.
4. Kotoka International Airport Upgrade – A new project will enhance security and install advanced scanners at Kotoka International Airport, aligning Ghana with the latest global aviation standards for fighting smuggling and drug trafficking.
5. Tema Port Expansion & Dry Dock Revival – Ghana will cooperate with Singapore to expand the Tema Port and revive the long-dormant Tema Dry Dock.
6. New Oil Jetty – Construction of a modern jetty for oil ships to support Ghana’s growing energy sector.
7. Road Quality Testing Labs – Singapore’s Land Transport Authority will partner Ghana to establish Testing Laboratories across the country, ensuring only certified quality materials are used in road construction.
8. Cross-Border Payment Platform – The central banks of Ghana and Singapore will collaborate to launch a common payment platform, designed to boost trade and international commerce between Africa and Asia.
9. TVET & Education Partnership – Ghana will establish a model Accra Institute of Technology in partnership with the Singapore Institute of Technology (SIT), enhancing Technical and Vocational Education and Training (TVET).
10. Carbon Credit Agreement – Both nations committed to executing projects under their bilateral Carbon Credit Agreement, promoting climate resilience and sustainable growth.
Diplomatic and Institutional Gains
In addition to investment deals, Ghana and Singapore signed a Memorandum of Understanding (MoU) for regular high-level political consultations, advanced negotiations towards a Bilateral Investment Treaty (BIT), and secured support for ORAL through capacity-building programmes for forensic investigators.
As part of the Public Service Reset Initiative, the first batch of 18 Chief Directors of Ghana’s Ministries will travel to Singapore in September 2025 for an intensive leadership and capacity-building bootcamp.
President Mahama also revealed that Ghana will establish a Consulate in Singapore by 2026. Already, Singapore has opened Enterprise Singapore in Accra, tasked with overseeing its West African investment portfolio.
A Mission for Transformation
Singapore’s President Tharman Shanmugaratnam hailed Ghana’s leader as a visionary:
“President Mahama is a man on a mission. He is determined to see his country and its young population succeed.”
President Mahama’s groundbreaking visit not only strengthens Ghana-Singapore relations but also signals a new era of bold partnerships aimed at driving investment, innovation, and inclusive growth across Ghana’s economy.
Story by: Emmanuel Romeo Tetteh(#RomeoWrites✍️) / Ahotoronline.com | Ghana
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