CBG Champions Ghana, Singapore Relations

Dr. Mahamudu Bawumia (middle) is joined by Ken Ofori-Atta, Shirley Ayorkor Botchwey, Dr. Ernest Addison and other officials

CONSOLIDATED BANK Ghana (CBG) has backed efforts by Government to build a strong partnership with Singapore and help increase trade and investment between the two countries.

According to the
Managing Director (MD) of CBG, Daniel Wilson Addo, CBG believes such a
partnership will be in the strategic interest of Ghana.

He was
delivering an address recently in Accra on the side lines of a dinner organised
in honour of the Senior Minister of Singapore, Tharman Shanmugaratnam.

In attendance
was Vice President, Alhaji Dr. Mahamadu Bawumia, other top government officials
and business executives, as part of ongoing engagements to strengthen the
relationship between the two Countries.

Senior Minister described Ghana as a serious country based on the depth and
quality of discussions he and his delegation had with Government officials.

He said
Singapore was ready to work together with Ghana for the mutual benefits of both

Dr. Bawumia, who
was Guest of Honour, acknowledged the strides that Singapore has made and said
Ghana was determined to learn from the Asian giant to achieve similar feat.

He said Ghana
will pursue partnership through trade with Singapore and other countries, in
line with the President’s agenda of a ‘Ghana Beyond Aid’.

“We want to be
friends with Singapore because the brand is very good for Ghana, the experience
is very good, and it’s going to be a win-win partnership between our two
countries,” the Vice President emphasised. Dr. Bawumia also spoke of gains that
Ghana has made in the area of payment systems and said Singapore was impressed
with Ghana’s progress and offered to include Ghana in a global payment system
that, Singapore has developed to integrate with India and
other countries.

Finance Minister,
Ken Ofori-Atta, on his part, said the success of Singapore was underpinned by
effective organisation, which Ghana could learn and apply to develop.

He added that Ghana
was ready to leverage its hosting of the headquarters of the African Continental
Free Trade Area (AfCFTA) to become a regional hub for key economic activities.

He therefore
invited Singapore to invest and do business with Ghana.

Minister of
Foreign Affairs and Regional Integration, Shirley Ayorkor Botchway, who also
spoke at the dinner, was hopeful that the Treaty, when concluded and ratified,
will further increase Singapore’s investments in Ghana.