The Chief Executive Officer of the Ghana Investment Promotion Centre (GIPC), Simon Madjie, has assured Singaporean businesses that Ghana presents “bankable, clear, and practical opportunities” for investors seeking sustainable growth in Africa.
Speaking at the Ghana-Singapore Business Dialogue, Mr. Madjie highlighted landmark projects, including the proposed petroleum hub and a $3.4 billion renewable energy programme, as concrete ventures ready for foreign participation.
“Our focus is not just on attracting capital, but on directing investors to projects that are real, bankable, and capable of delivering measurable returns,” he said.
He noted that Ghana’s government incentives and stable policy environment make the country one of Africa’s leading destinations for investment.
Mr. Madjie’s assurance echoed President John Dramani Mahama’s call for stronger partnerships with Singaporean businesses.
President Mahama described Ghana as a “trusted, open, and reliable” partner for trade and investment, adding that the country’s position as host of the African Continental Free Trade Area (AfCFTA) Secretariat strengthens its role as a hub for regional commerce.
He further explained that Ghana was building logistics and digital infrastructure to position itself as a springboard for trade across Africa, offering businesses a platform to expand their reach on the continent.
Singaporean officials welcomed the pitch. The Minister of State for National Development, Alvin Tan, urged businesses in Singapore to explore Ghana as a gateway to African markets.
Similarly, Mr. SS Teo, Chairman of the Singapore Business Federation, commended Ghana’s progress toward economic stability, describing it as a strong signal of investor confidence.
Nonetheless, Ghana’s Minister for Foreign Affairs, Samuel Okudzeto Ablakwa, announced plans to open the country’s first embassy in Singapore next year.
The mission, he said, will deepen bilateral cooperation and create new pathways for trade and investment growth.
