Singapore to scale –up investment in Ghana

Singapore would scale-up investment in Ghana’s economy to help advance the country’s development and also create jobs for the youth.

The High Commissioner of Singapore to Ghana, His Excellency Dr. Hawazi Daipi, gave the assurance when he called on the Deputy Minister for Foreign Affairs and Regional Integration, Hon. Charles Owiredu on Wednesday 27th March 2019.

H.E. Dr. Hawazi Daipi stated that his country was ready to implement cooperation agreements it had signed with Ghana and urged Ghana to take full advantage of all such agreements. He underscored the need to avoid hostile business environment which hinder the thriving of businesses. He informed that Singapore will sign the United Nations Convention on Mediation in August 2019, and added that mediation during business disputes helps to create a fair business environment.

He said his country was ready to share its experiences on how to reduce unemployment in Ghana. He also expressed his joy about the upcoming state visit of President Nana Addo Dankwa Akufo-Addo to Singapore and added that it will help to further boost the already good relations between the two countries.

Hon. Charles Owiredu on his part, stated that government was working on expanding the economic base of the country through the implementation of various initiatives. He cited the expansion of facilities at the country’s airports and re-introduction of the national airline as some of the measures.

He acknowledged the good cooperation between the two countries and assured that Ghana will take full advantage of bilateral agreements and also learn from the success story of Singapore in the areas of aviation and finance.

Hon. Owiredu commended Singapore for the interest and efforts in employing mediation for business disputes, he added that it would give investors confidence in business processes. He expressed the Ministry’s appreciation to Singapore for offering scholarships to Ghanaian Civil Servants to enable them share experiences with their Singaporean counterparts for the mutual benefit of the two countries. He assured that the Ministry would continue to facilitate good engagements that will be mutually beneficial to Ghana and Singapore.