Ghana and Singapore Forge Stronger Ties in Technology, Finance, and Green Growth

Ghana is deepening its bilateral relations with Singapore following productive talks between President John Dramani Mahama  and Singapore’s President Tharman Shanmugaratnam. The discussions, centred on technology, finance, agribusiness, and green growth, mark a significant step in strengthening cooperation between the two nations.

President Mahama congratulated Singapore on its 60th anniversary of independence, while highlighting Ghana’s upcoming 70th milestone in 2027. Both leaders agreed to work closely on developing interoperable payment systems to facilitate trade under the African Continental Free Trade Area (AfCFTA).

“It is not enough to allow free movement of people and goods. Cross-border payments must also be seamless,” President John Mahama stressed, reaffirming Ghana’s support for continent-wide solutions such as the Pan-African Payment and Settlement System (PAPSS).

The talks also acknowledged Singapore as the first Asian country to sign an implementation agreement with Ghana on carbon markets, paving the way for increased investment in low-carbon growth initiatives.

President John Dramani Mahama outlined Ghana’s ambitious plan to develop over 2 million hectares along the Volta Economic Corridor into agro-processing parks and irrigated farmlands under the Resetting Ghana Agenda and the 24-Hour Economy programme. He described the initiative as a “game-changer” that would drive economic transformation.

Ghana’s economy, he noted, is showing signs of recovery, with inflation now at 13% and expected to drop to single digits by year-end. The government’s focus, he added, is to ensure fiscal discipline while translating stability into sustainable, job-rich growth through green finance, agro-industrialisation, and the digital and creative economy.

President Tharman expressed strong confidence in Ghana’s reforms and reaffirmed Singapore’s readiness to support Ghana as a key gateway under AfCFTA. Both leaders committed to accelerating practical financial connectivity and real sector investments that would directly benefit citizens of both countries.

President Mahama extended his gratitude to President Tharman and the people of Singapore for their warm welcome, adding: “We look forward to turning these commitments into concrete projects, jobs, and shared prosperity.”