Singapore, August 26, 2025 – Ghana’s trade with Singapore has climbed above US $215 million, setting the stage for a bold push toward billion-dollar growth, President John Dramani Mahama announced at the 8ᵗʰ Africa–Singapore Business Forum.
The milestone reflects a steady rise in bilateral ties, underpinned by the broader surge in Africa–Singapore commerce, which has grown nearly 50 percent in four years to reach about US $14 billion. Mahama positioned Ghana as a “reliable gateway” to this expanding market, stressing its location at the heart of ECOWAS and its role as home to the African Continental Free Trade Area Secretariat, which connects investors to a market worth US $3.4 trillion.
Unveiling his administration’s “Resetting Ghana” agenda, Mahama highlighted reforms aimed at restoring investor confidence. These include easing inflation, stabilizing the cedi, and improving credit ratings, alongside policy shifts such as removing minimum capital thresholds under the Ghana Investment Promotion Act. “We are ready for partnerships that scale. Ghana is open, stable, and strategically placed for those willing to engage the African story,” he told delegates.
The president showcased flagship initiatives like the 24-Hour Economy, which promises round-the-clock productivity across exports and logistics, and the Volta Economic Corridor, designed to expand irrigation, industrial parks, tourism, and transport. Supporting projects such as the Legon Pharmaceutical Innovation Park, Kumasi Technology Park, and Akosombo Garments Cluster are being positioned as catalysts for new export capacity.
Mahama capped his pitch with an invitation to Singaporean investors to join a Presidential Business Roundtable in Accra. The session, he said, will provide direct access to regulators, priority projects, and a “one-stop investor concierge” to fast-track decisions.
Analysts say the leap from $215 million to $1 billion is ambitious but attainable if Ghana accelerates infrastructure delivery, diversifies exports beyond commodities, and sustains macroeconomic reforms. With Singapore seeking deeper Africa ties, Ghana’s push may well define the next chapter of South–South trade flows.