Singapore, Ghana to Expand Green and Agribusiness Partnership

Ghana and Singapore on Wednesday discussed cooperation in sustainable development and value-added agriculture, building on a groundbreaking carbon markets agreement and plans to expand agro-processing and job creation in Ghana.

Speaking during bilateral talks with President John Dramani Mahama in Singapore, President Tharman Shanmugaratnam said Singapore is “the first Asian country to sign the implementation of a carbon credit agreement with Ghana and the first in Africa,” describing the deal as a platform to channel investment into low-carbon growth.

He said “other areas of interest are agribusiness, downstream processing of products like cashew, cocoa, and we are ready and glad to pursue them together.”

President Mahama, who is on a three-day State Visit, said Ghana is targeting job creation through a combined push in modern agriculture and services.

“On tackling the challenge with jobs, agribusiness has space for work and lots of employment, and we have, as part of our Reset Agenda, put a lot of focus on it,” he stated.

He said “Ghana has more than enough arable land for farming,” and talked about the Volta Economic Corridor project. “We have over 2 million hectares of land along the river for development into agro-processing parks, irrigated lands, etc., and that surely will be another game changer under our Resetting Ghana and the 24-hour economy programme.”

President Mahama also pointed to the “creative and digital services” economy as a rapid employer for Ghana’s youth. He said the sector “employs faster and creates 5 jobs easily before a job is created in the traditional job markets.”

President Tharman acknowledged that “jobs are a challenge, but that’s also something you are dealing with,” and expressed Singapore’s interest in helping develop SMEs alongside green and agro-industrial projects.

President Mahama framed the partnership as part of Ghana’s role in Africa’s economic opening under the AfCFTA, while congratulating Singapore on 60 years of independence.

“We are stabilising the economy,” he said, and the next phase is to convert stability into sustainable, job-rich growth through green finance, downstream processing and digital opportunity.

Richard Aniagyei, ISD