Africa is Investable – President Mahama Pitches Ghana as Gateway to $3.4 Trillion Market

President John Dramani Mahama has declared that Africa is investable and positioned Ghana as a reliable gateway to the continent’s $3.4 trillion market during his keynote address at the 8th Africa-Singapore Business Forum.

Speaking at the opening of his three-day State Visit to Singapore, President Mahama told business leaders that Africa represents the world’s most dynamic emerging market with 1.4 billion people who are young, fast-urbanising, and digitally connected.

“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,” he stated.

According to President Mahama, by 2030, Africa’s cities will host more than 700 million consumers, making it a market ready for scaled solutions. He noted that the African Continental Free Trade Area has created the world’s largest new free trade area by number of countries.

The President said Ghana sits at the heart of this market as host of the AfCFTA Secretariat, connecting investors to more than 400 million consumers in West Africa through ECOWAS.

He told the forum that Ghana offers political stability, a rules-based environment, and a double taxation agreement with Singapore that has been in force since 2019. 

The country already has a growing base of 69 Singaporean companies with investments exceeding $2 billion.

President Mahama announced that Ghana is pursuing what he called a “deliberate national reset” by stabilising the macroeconomy, restoring confidence, and reforming how the country does business. 

He said inflation is easing, the cedi has stabilised, and ratings outlooks are improving.

He revealed plans to review Ghana’s Investment Promotion Act, including removing minimum capital thresholds for foreign investors to make partnering easier and faster through joint ventures or wholly-owned investments.

The President said the Ghana Investment Promotion Centre now provides sector-specific, region-by-region opportunity maps to help investors make decisions based on reliable data.

Trade between Ghana and Singapore has grown to over $215 million in 2024, while Africa-Singapore trade rose by about 50 percent between 2020 and 2024 to nearly $14 billion.

President Mahama invited business leaders to join a Presidential Business Roundtable on the third day of his State Visit, promising to showcase bankable projects and provide direct access to regulators.

Richard Aniagyei, ISD