Ghanaian President John Dramani Mahama has urged Singaporean investors to view his country as a reliable entry point to the African Continental Free Trade Area (AfCFTA) and its $3.4 trillion market.
Speaking at the 8th Africa-Singapore Business Forum during his first state visit to Singapore, he outlined a national strategy to run factories, farms, ports, and service centers round the clock.
The plan, built on four pillars—Grow24 for irrigated agriculture, Make24 for agro-industrial parks, Show24 for tourism around Lake Volta, and Connect24 to transform the lake into a transport hub—aims to position Ghana as a dynamic investment destination.
Mahama highlighted Africa’s young, digitally connected population, leadership in mobile money, and growing trade ties with Singapore, which surged by 50% between 2020 and 2024 to nearly $14 billion.
For Ghana alone, bilateral trade reached over $215 million in 2024, with Singaporean investments exceeding $2 billion.
He emphasized Accra’s role as host of the AfCFTA Secretariat and a gateway to ECOWAS’s 400 million consumers, while noting Ghana’s improving economic outlook.
Acknowledging Africa’s $1.3 trillion annual financing gap, he called on Singapore to leverage its expertise in blended finance, risk management, and project preparation to unlock further growth.
