The Petroleum Hub Development Corporation (PHDC) participated in the opening ceremony of the 8th Africa-Singapore Business Forum (ASBF) in Singapore on Tuesday, August 26, 2025.
The ASBF unites business and government leaders from African and Asian countries to foster partnerships and explore growth opportunities between these dynamic regions.
Representing PHDC are Acting Chief Executive Officer Dr. Toni Aubynn, Deputy CEO of Operations and Technical Onasis Rosely, Head of Operations and Technical, Kwabena Debrah Djan Kwaben, and Business Development Manager George Asante.
The event featured a compelling address by His Excellency John Dramani Mahama, President of the Republic of Ghana, who urged Singaporean investors to view Ghana as an ideal investment destination.
In his keynote speech, President Mahama emphasised the need to strengthen bilateral relations between Africa and Singapore.
He stated, “Africa and Asia are the world’s youngest and fastest-urbanising regions. We complement each other in resources, markets, and expertise. The numbers tell a clear story: Africa-Singapore trade grew by approximately 50 per cent between 2020 and 2024, reaching nearly US$14 billion, with West Africa accounting for over half of this volume.
“Ghana-Singapore trade has also flourished, exceeding US$215 million in 2024. Speaking as an African leader and President of Ghana, my message is clear: Africa is investable, and Ghana is your reliable gateway to the continent. Africa represents the world’s most dynamic emerging market,” parts of the President’s speech read.
A highlight of PHDC’s participation in the 2025 ASBF is the Let’s Go to Asia initiative, through which PHDC is facilitating significant investment and networking opportunities for Ghanaian companies, including Rockfield Mining, Strategic Initiatives, Arch Portfolio, Mannschaft Engineering, and Southey Contracting.
The 2025 ASBF will conclude on August 28.
