Singapore’s trade with West Africa surged 85% between 2020 and 2024, reaching $7.47 billion and accounting for over half of Singapore’s total trade with Africa. This boom reflects deepening ties, driven by sectors such as agro-processing, fast-moving consumer goods (FMCGs), and green technologies. While Ghana-Singapore trade more than doubled year-on-year to $215.9 million in 2024, Nigeria saw a modest dip in its trade with the Southeast Asian country from 2020 to 2024. Singapore’s total trade with Africa jumped 50% to $13.72 billion, with growing momentum in East and Southern Africa as well. Meanwhile, an official from Enterprise Singapore, the city-state’s trade agency, described Ghana as a strategic “gateway hub” into West Africa, bolstered by recent infrastructure and partnerships. With over $20 billion invested across Africa as of 2023, Singapore is fast cementing its place as a top trade and investment player on the continent.
Forbes
