See US$1Billion Worth Investment Deals Birthed Out Of Mahama’s Singapore Visit According to Ablakwa
The Minister for Foreign Affairs, Samuel Okudzeto Ablakwa, has asserted that investment deals worth US$1billion have been birthed out of President John Dramani Mahama’s historic visit to Singapore.
“But his visit was not just for the history books; he made profound impact by securing US$1billion worth of investment deals,” he wrote in a Facebook post as he outlined the investment deals.
Mahama’s visit was aimed at deepening bilateral ties and expanding cooperation across multiple sectors, including trade and investment, education, science and innovation, urban development, agribusiness, and the digital economy.
Below are the deals:
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.
Singapore has already opened Enterprise Singapore in Accra to oversee its West African investment portfolio.
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