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AfricaBusinessGeneralHeadlines

‘Ghana is open 24/7 for business’ — Mahama touts 24-hour economy in Singapore pitch

President John Mahama has unveiled a bold “24-hour economy” strategy at the Africa–Singapore Business Forum, pitching Ghana as a round-the-clock investment hub with flagship projects in farming, industry, tourism, and logistics.

Hamdia Mohammed
By Hamdia Mohammed
Published: August 26, 2025
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President John Dramani Mahama has unveiled a sweeping vision to make Ghana a 24-hour economy, promising round-the-clock competitiveness as part of his pitch to investors at the 8th Africa–Singapore Business Forum.

“Ghana is OPEN FOR BUSINESS 24 hours a day,” Mahama declared, explaining that his strategy integrates infrastructure, incentives and skills so that factories, farms, ports and service centres can operate safely and competitively in continuous shifts.

He outlined four flagship pillars designed to sharpen Ghana’s investment profile:

  • Grow24 — irrigating more than 2 million hectares for year-round farming.
  • Make24 — agro-industrial parks for textiles, pharmaceuticals and food processing.
  • Show24— tourism development along Lake Volta.
  • Connect24— transforming Lake Volta into an inland transport hub to cut logistics costs.

Mahama argued that recent reforms are paying off.

According to him, inflation is easing, the cedi has stabilised, and Ghana’s ratings outlook is improving while the Ghana Investment Promotion Centre now offers region-by-region sector maps backed by “credible data” to guide decisions.

Casting Singapore as an ideal partner, he told investors: “Your excellence in project preparation, blended finance, risk management, standards and dispute resolution is precisely what African projects need to move from pipeline to bankable to build.”

As the African Union Champion on Financial Institutions, Mahama also spotlighted the continent’s annual financing gap of $1.3 trillion, including infrastructure needs of up to $221 billion per year and a climate-finance shortfall of $213 billion.

He urged Singapore to help Africa bridge these gaps, framing the partnership as a route to jobs, technology transfer and shared prosperity. “We are here to learn, to partner, and to deliver,” he said.

Source: Starrfm.com.gh

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TAGGED:24-hour EconomyAfCFTAGlobal investorsMahamaSingapore Business Forum
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