Ghana and Singapore have deepened bilateral ties with a groundbreaking agreement focused on sustainable development, green finance, and agribusiness value chains. This marks a major milestone in climate diplomacy, with Ghana becoming the first African nation and Singapore the first Asian country to enter into a carbon credit implementation agreement under the Paris Agreement framework.

The partnership is designed to attract investment into low-carbon infrastructure, enhance value-added processing of key exports like cocoa and cashew, and support the modernization of agriculture. By shifting focus from raw commodity exports to agro-industrial transformation, Ghana aims to create jobs, reduce emissions, and improve food security.

Ghana’s President, John Mahama, emphasized the country’s commitment to sustainable, inclusive economic growth. Flagship initiatives like the 24-hour economy program and the Reset Agenda are structured to turn macroeconomic stability into meaningful progress through green innovation, digitization, and industrial development.

One of the cornerstone projects under this partnership is the Volta Economic Corridor: a bold undertaking to develop over two million hectares of riverside land for irrigated farming and agro-processing. This effort is expected to generate employment, attract climate-smart investment, and strengthen regional trade through the African Continental Free Trade Area (AfCFTA).

Singapore, for its part, is particularly interested in Ghana’s growing agribusiness and food processing sectors. The collaboration also opens the door for technology exchange, digital services, and skills development, positioning both countries as emerging leaders in the global green economy.

As Ghana and Singapore move forward with their joint vision, this partnership stands as a model for cross-continental cooperation on climate action, sustainable agriculture, and economic resilience.

Source :

https://presidency.gov.gh/singapore-ghana-to-deepen-green-and-agribusiness-partnership/