President Mahama Secures $1 Billion Worth Of Investment Deals From Singapore

John Dramani Mahama

Ghanaian President, John Dramani Mahama, has secured $1 billion worth of investment deals from Singapore. 

Ghana’s Foreign Affairs and Regional Integration Minister, Samuel Okudzeto Ablakwa, made this known in a post on social media.

According to the Foreign Minister, beyond ceremonial significance, President Mahama’s state visit to Singapore brought significant economic benefits to Ghana.

In his Facebook post on Friday, August 29, 2025, he described President Mahama’s visit to Singapore as a “historic” one.

According to him, “His [Mahama] visit was not just for the history books; he made a profound impact by securing US$1 billion worth of investment deals.”

The Minister revealed that key Investment partnerships secured include:

1.OLAM International has committed US$200 million for new projects in Ghana, including a 43,000-metric-ton pasta processing plant to open next year and feed processing facilities for poultry and aquaculture. These initiatives are expected to create over 4,000 jobs.

2.Shangri-La Group will invest US$300 million to build a green, ultra-modern 5-star hotel, a grand shopping mall, and a state-of-the-art convention centre, positioning Ghana as West Africa’s premier conference destination.

3.A 10,000-capacity student hostel will be constructed for the University of Ghana, helping to address the student housing deficit.

4. An enhanced security and scanner project at Kotoka International Airport will align Ghana with global standards for aviation security, aimed at combating smuggling and drug trafficking.

5. 5. A strategic cooperation plan is in place to expand Tema Port and revive the Tema dry dock, boosting maritime trade and ship maintenance capacity.

6.Construction of a new jetty to serve oil vessels, enhancing Ghana’s petroleum logistics infrastructure.

7.Collaboration with Singapore’s Land Transport Authority to establish testing laboratories across Ghana for road construction materials, ensuring quality and durability of national road infrastructure.

8.Central banks of Ghana and Singapore will partner to launch a joint payment platform, designed to strengthen Afro-Asian trade and commerce.

9. A TVET (Technical and Vocational Education and Training) agreement with the Singapore Institute of Technology (SIT) will support the establishment of a model Accra Institute of Technology.

10. Continued execution of initiatives under the Ghana-Singapore Carbon Credit Agreement, reinforcing both nations’ commitment to climate action.