President John Mahama
President John Dramani Mahama has extended an invitation to foreign investors, positioning Ghana as a prime destination brimming with opportunities.
Speaking at the opening of the 8th Africa-Singapore Business Forum in Singapore on Tuesday, President Mahama outlined Ghana’s comparative advantages as an investment hub.
“As the host of the African Continental Free Trade Area Secretariat, Ghana sits at the heart of a US$3.4 trillion single market. Through ECOWAS, we connect you to more than 400 million consumers in West Africa,” he stated.
“We offer political stability, a rules-based environment, and a double taxation agreement with Singapore, [which has been] in force since 2019. With a growing base of Singaporean investors, 69 companies registered with cumulative investments exceeding US$2 billion, Ghana is a trusted entry point to scale across the continent,” he added.
Highlighting ongoing reforms, President Mahama noted, “We are pursuing a deliberate national reset: stabilising the macroeconomy, restoring confidence, and reforming how we do business. Inflation is easing, the cedi has stabilised, and ratings outlooks are improving.”
He continued that Ghana is simplifying regulations through its Business Regulatory Reforms and reviewing the Investment Promotion Act, including plans to remove minimum capital thresholds for foreign investors, to make it easier and faster for partners to establish either joint ventures or wholly-owned businesses.
He introduced his government’s flagship initiative, saying that the 24-Hour Economy is Ghana’s economic strategy anchored in productivity, exports, and job creation.
“We call it the 24-Hour Economy for a reason. Ghana is open for business 24 hours a day. We are aligning infrastructure, incentives, and skills so factories, farms, ports, and service centres can operate round-the-clock shifts safely and competitively. At the core of this is the Volta Economic Corridor – our most ambitious integrated development to date,” the President explained.
“On day three of this State Visit, as part of the Africa Forum, we will host a Presidential Business Roundtable. Join us. Bring your teams. Put Ghana’s readiness to the test,” he announced, while inviting Singaporean investors to test Ghana’s readiness.
“We will showcase bankable projects, provide direct access to our regulators, outline incentives for strategic investors, and offer a one-stop investor concierge so decisions can be made quickly and confidently,” he added.
By Prince Fiifi Yorke