Opportunity for Investment in Ghana’s Hospitality Industry

One of the most frequently visited tourist destinations in English-speaking West Africa is Ghana, for many obvious reasons. The country is not in any way lacking in tourist attractions, especially for those interested in nature and West African slave trade era history. The Kakum National Park, Labadi Beach, Elmina Castle, the mighty Volta Lake, and the Akosombo Dam are just a few of the sites attracting foreign traffic to the country.

No wonder the country featured prominently on PWC’s Hospitality Outlook 2017-2027 report as a major emerging market in Africa. Big investors are seeing the light and responding to the stimulus. That is why hotels, both locally and internationally-branded, are springing up in the country. As of May 2017, there were 2,723 hotels and lodges in Ghana.


Ghanas Hospitality Industry

The country’s government is not relaxing on the natural self-advertising qualities of its tourist sites. Ghana, led by President Nana Akufo Addo, has taken determined steps to overhaul the country’s hospitality industry. The nation committed itself in a planned approach to the development of the tourism sector through the implementation of the Integrated Tourism Development Programme, which culminated into the preparation of a 15-Year National Tourism Development Plan (1996-2010), writes Akua Sena Dansua, one of the country’s former ministers of tourism in the foreword of the National Tourism Development Plan (2013-2027) document.

The 15-Year National Tourism Development Plan (2013-2027) looked at ways in which tourism can contribute to national and local economic development and enhance its role as a leading sector for employment creation, revenue generation, environmental conservation, and national cohesion and overall economic growth. If properly adhered to, the growth contributed to the country’s economy by the hospitality sector will be consolidated consistently for a long time. As one of the current practical steps in walking the talk, the government is also making improvements in transport infrastructure, with the construction of a third terminal at Accra’s Kotoka International Airport and allocation of funds for the repair of roads to popular tourist destinations.

Post written by Temi Bamgbose and Extracted from Africa.com.
Read more here: httpss://www.africa.com/opportunity-investment-ghanas-hospitality-industry/

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