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.
