{"id":25350,"date":"2025-08-27T21:00:00","date_gmt":"2025-08-27T17:00:00","guid":{"rendered":"https:\/\/gbc1.net\/?p=25350"},"modified":"2025-08-29T12:12:27","modified_gmt":"2025-08-29T08:12:27","slug":"mahama-makes-case-for-stronger-africa-asia-partnerships-in-face-of-fragmented-world","status":"publish","type":"post","link":"https:\/\/gbc1.net\/index.php\/2025\/08\/27\/mahama-makes-case-for-stronger-africa-asia-partnerships-in-face-of-fragmented-world\/","title":{"rendered":"Mahama Makes Case for Stronger Africa-Asia Partnerships in Face of Fragmented World"},"content":{"rendered":"\n

Delivering his address at the opening session of the Africa-Singapore Business Forum 2025 (#ASBF2025<\/a>) on 26 August 2025, Ghanaian President John Mahama urged for deeper South-South Cooperation in the face of a fragmented world. President Mahama also positioned Ghana as the reliable gateway to the USD 3.4 trillion #GDP<\/a> single market enabled by the #AfCFTA<\/a>.<\/p>\n\n\n\n

As tariffs proliferate and global supply chains (#GSC<\/a>) rupture — sounding the ‘death knell of multilateralism’ — Africa and Asia must come together as the pair are complementary in resources, markets and know-how. The #GlobalSouth<\/a> has an opportunity to show an alternative way by being ‘champions of open markets, trusted rules and practical partnerships that deliver jobs, technology transfer and shared prosperity.’<\/p>\n\n\n\n

Africa is home to several of the world’s fastest-growing economies and its sizeable youth is digitally connected with high adoption of #FinTech<\/a> and deep penetration of Mobile Money. <\/p>\n\n\n

\n
\"\"
President Mahama Meets With Singapore Institute of Technology in Context of #ASBF2025<\/a><\/figcaption><\/figure><\/div>\n\n\n

Currently, the trade volume between Africa and Singapore stands at USD 14 billion, with West Africa accounting for more than half of the total. The Ghana-Singapore bilateral trade reached USD 215 million in 2024. Currently, 69 Singaporean companies are present in the Ghanaian market and have cumulatively invested more than USD 2 billion in Ghana to date.<\/p>\n\n\n\n

Mahama drove the message home that ‘Ghana is open for business 24 hours a day.’ He underscored that his Government is implementing business-friendly reforms and adopting good governance to enhance the Ease of Doing Business (#EDB<\/a>) and to attract more #FDI<\/a>. Factories, ports, and certain other businesses are running round-the-clock in shifts to keep the economy buzzing.<\/p>\n\n\n\n

In particular, he presented the four integrated pillars of the National Development Plan (#NDP<\/a>): Grow24, Make24, Show24, and Connect24. Grow24 developing more than 2 million hectares to foster agricultural production. Make24 allows industrial parks to operate 24\/7 to boost manufacturing output. Show24 is showcasing the tourist attractions, especially around Lake Volta. Finally, Connect24 is focusing on building supporting infrastructure to cut down logistics cost.<\/p>\n\n\n\n

\n

“We are here to learn, to partner, and to deliver. Africa is investable, and Ghana is your reliable gateway to the continent … Ghana is open for business 24 hours a day.”<\/p>\nGhana President John Mahama<\/cite><\/blockquote>\n\n\n\n

Finally, Africa is the land of opportunities as the shortfall in funding gap is estimated at USD 1.3 trillion annually. However, access to capital remains prohibitive and Mahama called for a reform of the Global Financial Architecture.<\/p>\n\n\n\n

Ghana is well-positioned to act as a gateway to Africa. Firstly, Ghana won the bid to hoss the AfCFTA Secretariat in Accra. Secondly, it provides direct access to the #ECOWAS<\/a> bloc which is a regional single market of more than 400 million consumers. <\/p>\n","protected":false},"excerpt":{"rendered":"

Delivering his address at the opening session of the Africa-Singapore Business Forum 2025 (#ASBF2025) on 26 August 2025, Ghanaian 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