President John Dramani Mahama has wooed global investors at the 8th Africa-Singapore Business Forum on Tuesday, August 26, 2025.
John Mahama, at the event, urged global investors to take advantage of Africa’s immense economic potential.
According to John Mahama, Africa is the world’s most dynamic emerging market, and Ghana is their reliable gateway to the continent.
Speaking at the Opening of the 8th Africa-Singapore Business Forum on Tuesday, August 26, 2025, John Mahama stated, “I speak today as an African leader and as President of Ghana. Our message is simple: Africa is investable, and Ghana is your reliable gateway to the continent. The continent is the world’s most dynamic emerging market”.
“Africa holds vast renewable energy potential and is already a global leader in mobile money and fintech adoption. This is a market ready for scaled solutions. Yet this opportunity must be matched with capital at the right price and with the right instruments,” he stressed.
President Mahama highlighted Africa’s growth trajectory with a population of 1.4 billion people, predominantly young.
He added that the African Continental Free Trade Area (AfCFTA) has created a free trade zone in the world, unlocking a $3.4 trillion market.
President John Dramani Mahama arrived in Singapore yesterday, August 25, to begin the second leg of his two-state visit.
His three-day state visit to Singapore is aimed at strengthening Ghana’s bilateral cooperation, expanding trade and investment.
Also, to advance partnerships in education, science and innovation, urban solutions, agribusiness, and the digital economy.
Mahama is expected to hold bilateral discussions with the President of the Republic of Singapore, H.E. Tharman Shanmugaratnam, and the Prime Minister, Lawrence Wong.
He is also scheduled to deliver a keynote address at the 8th Africa–Singapore Business Forum (ASBF) and headline a Ghana country-specific Investment and Business Forum on August 26, and to sign some bilateral agreements.
John Mahama, on his arrival, stated, “Ghana and Singapore share a forward-looking outlook anchored in innovation, skills, and enterprise. This visit will translate our shared values into practical cooperation, bringing Singaporean investment and know-how into Ghana’s priority sectors while opening new pathways for Ghanaian businesses across Southeast Asia.”
President Mahama was accompanied by the Minister for Foreign Affairs, Samuel Okudzeto Ablakwa, Joyce Bawah Mogtari, an Advisor and Special Aide to the President and Minister for Trade, Agribusiness and Industry, Elizabeth Ofosu-Adjare.
Meanwhile, Felix Kwakye Ofosu, the Minister of State in charge of Government Communications, has reaffirmed that the John Mahama-led government is not spending lavishly.
The Minister in charge of Government Communications noted that the Mahama administration is spending on critical sectors.
Kwakye Ofosu further fingered the former Akufo-Addo-led New Patriotic Party (NPP) administration of fiscal indiscipline, which was to blame for Ghana’s economic downturn.
Speaking to a Journalist at the Africa-Singapore Business Forum on Monday. August 25, Kwakye Ofosu stated, “One of the problems that precipitated the economic decline in the very recent past under the NPP was fiscal indiscipline, the tendency to live outside of our means and spend more than we earn”.
“We are not spending beyond our means, we are not spending lavishly. We are spending on critical sectors,” he emphasised.
He further added, “Look at the delegation that came here, they are just 3 or 4 ministers of state. But if I show you the delegations that followed President Akufo-Addo around when he travels, you’d be amazed. All of these add up to the cost of running government”.