President John Dramani Mahama has announced the formation of a Ghana-Singapore deal team to drive new investments between the two countries, with a target of attracting at least $100 million within the next 12 months.

The announcement was made on Thursday, August 21, 2025, at the Ghana-Singapore Business Dialogue in Singapore.

The joint team will be co-led by Mr Simon Madjie., Chief Executive Officer of the Ghana Investment Promotion Centre (GIPC), and a senior executive from Enterprise Singapore.

“An immediate Ghana-Singapore deal team that will be co-led by Simon, the CEO of GIPC, and a designated senior executive from Enterprise Singapore will lead this process,” Mr Mahama told the Singapore business community.

Mr Mahama explained that the team would include representatives from the Ghana Infrastructure Investment Fund, the Public-Private Partnership Unit at the Ministry of Finance, relevant ministries and agencies, and the Ghana High Commission in Singapore.

He said the team’s target was clear. “The performance indicators for the team is to deliver at least USD 100 million in new investment pipeline commitments within the next 12 months,” he stated.

The President also outlined a 100-day action plan aimed at accelerating investor engagement.

“I’m asking Simon and his team, and SBF, and our partners here, to give us a 100-day action plan,” he said.

According to him, the process will begin within 14 days with the sharing of project data packs, draft term sheets, and available de-risking instruments with shortlisted investors. Technical workshops on power, logistics, and industrial platforms will follow within 45 days, bringing together off-takers, regulators, and local financiers.

Mr Mahama added that site visits to Ghana will be arranged within 100 days, where initial expressions of interest will be turned into non-binding term sheets.

He also announced that within one year, a high-level Ghana-Singapore business mission will take place in Accra.

“A high-level Ghana-Singapore business mission will be held in Accra, with visits to project sites within the next 12 months. This will include a deal summit hosted by GIPC and Enterprise Singapore to finalise MOUs and close priority transactions,” he said.

Mr Mahama said the deal team was expected to help convert investor interest into concrete projects, adding that Ghana remained well-positioned as a hub for Singapore businesses seeking access to African markets through the African Continental Free Trade Area.