Ghana and Singapore have agreed to strengthen cooperation in sustainable development and agribusiness, focusing on carbon markets, agro-processing, and job creation.
Ghana and Singapore on Wednesday, August 27, 2025, discussed cooperation in sustainable development and value-added agriculture, centering their talks on a pioneering carbon markets agreement and plans to expand agro-processing and create jobs in Ghana.
Speaking during bilateral talks with President John Dramani Mahama in Singapore, President Tharman Shanmugaratnam said, “the first Asian country to sign the implementation of a carbon credit agreement with Ghana and the first in Africa, is Singapore,” casting the deal as a platform to channel investment into low-carbon growth.
He added that “other areas of interest are agribusiness, downstream processing of products like cashew, cocoa… and we are ready and glad to pursue them together.”
President John Mahama, who is on a three-day State Visit, stated that Ghana is targeting job creation through a dual 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 said.
“Ghana has more than enough arable land for farming,” he added, highlighting the Volta Economic Corridor: “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.”
Mahama also pointed to the “creative and digital services” economy as a fast-growing employer for Ghana’s youth. The sector, he said, “employs faster and creates 5 jobs easily before a job is created in the traditional job markets.”
Tharman acknowledged that “jobs are a challenge, but that’s also something you are dealing with,” underscoring Singapore’s interest in supporting SME development alongside green and agro-industrial projects.
Mahama framed the broader 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, adding that the next phase is to convert stability into sustainable, job-rich growth through green finance, downstream processing, and digital opportunity.
