Mahama’s State Visit to Singapore Secures $1Bn Investment Deals; Here are Major Partnerships

It is emerging that President John Dramani Mahama’s official state visit to Singapore was not just for funfair and deepening of diplomatic ties, but a very important milestone which can turn the fortunes of the country’s economy around.  

But beyond the diplomatic symbolism, the visit has yielded a groundbreaking $1 billion in investment partnerships poised to transform Ghana’s economy and fuel his Reset Agenda.

Minister for Foreign Affairs, Samuel Okudzeto Ablakwa, reveals the high-level engagements led to major investment commitments across multiple sectors, from agriculture and infrastructure to finance, education, and trade.

Among the headline agreements is a $200 million package from OLAM to establish a 43,000-metric-ton pasta processing plant and feed processing facilities for poultry and aquaculture. These projects are estimated to create 4,000 jobs, which can significantly push many people out of unemployment.

Singapore’s Shangri-La Group also pledged $300 million to construct a state-of-the-art five-star hotel, complete with a luxury mall, convention center, and conference facilities, positioning Ghana as West Africa’s premier events destination.

Other projects and deals secured out of the visit include;

A 10,000-capacity student hostel for the University of Ghana.

Enhanced security and scanning facilities at Kotoka International Airport.

Expansion of Tema Port and revival of the Tema dry dock.

A new oil jetty.

Road testing laboratories in partnership with Singapore’s Land Transport Authority to ensure quality construction materials.

A common payment platform between the central banks of Ghana and Singapore to boost Africa-Asia trade.

A model Accra Institute of Technology under a TVET collaboration with the Singapore Institute of Technology.

Joint projects under a bilateral Carbon Credit Agreement.

In addition, beyond commercial deals, Ghana and Singapore signed an MoU for regular high-level political consultations and advanced negotiations on a Bilateral Investment Treaty.

Singapore also pledged capacity-building support for Ghana’s forensic investigators under the Office of the Registrar of Audit and Litigation (ORAL). As a result, 18 Chief Directors from Ghana’s ministries will participate in a leadership and knowledge-sharing bootcamp in Singapore in September.

Ghana also announced plans to establish a consulate in Singapore by 2026, while Singapore has already set up Enterprise Singapore in Accra to manage its West African investments.

The state visit, which has secured $1 billion in concrete investment deals and a renewed diplomatic framework, has set the stage for Ghana to strengthen its global partnerships and accelerate its transformation agenda.

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