Minister-designate for Tourism, Arts and Culture, Dr. Mohammed Ibrahim Awal has announced a GH¢50 million facility to fund entrepreneurs in the tourism sector, as part of the post covid-19 economic recovery programme.
Taking his turn at the Parliament’s Appointment Committee, Dr. Awal said Ghana’s tourism sector has lost significant amount of investments to the covid-19 pendemic, and when thus given the opportunity as a minister, he will institute measures to ensure the sector is back on track.
Ghana is said to have lost about GH¢6 billion to the coronavirus pandemic due to restrictions on travel and tourism activities.
President Akufo-Addo in the middle of last year rolled out GH¢600 million for the sector as a stimulus package to cushion the hospitality sector from the devastating effect of the virus.
According to the Minister-designate, although the fund has been disbursed to some sector players, there is the need for additional funds targeted at building the capacity of entrepreneurs in the industry, a situation he believes will boost economic recovery after the pandemic.
“In Ghana here, tourism is said to have lost about GH¢6 billion from the effect of the pandemic and it is on record that after every catastrophe, there is a surge in tourism. We think it is time to enhance the capacity of our entrepreneurs so that they can take advantage” he told the committee.
The Minister-designate also touted his achievements at his previous ministry through the introduction of the presidential pitch and other private sector led initiatives which created employment for many youths in the country.
Latest Stories
-
Let’s prioritize research quality in higher education institutions for industrial growth-Prof. Nathaniel Boso
4 hours -
Herman Suede is set to release ‘How Dare You’ on April 24
8 hours -
Heal KATH: Kuapa Kokoo, Association of Garages donate 120k to support project
8 hours -
KNUST signs MOU with Valco Trust Fund, Bekwai Municipal Hospital to build student hostel
8 hours -
The influence Ronaldo has on people, Cadman Yamoah will have same on the next generation – Coach Goodwin
9 hours -
Gender Advocate Emelia Naa Ayeley Aryee Wins prestigious Merck Foundation Awards
10 hours -
South Africa bursary scandal suspects granted bail
10 hours -
Ecobank successfully repays $500m Eurobond due April 18
11 hours -
Re: Doe Adjaho, Torgbui Samlafo IV, call for Unity among Paramountcies in Anlo
11 hours -
Extortion and kidnap – a deadly journey across Mexico into the US
11 hours -
Rihanna says fashion has helped her personal ‘rediscovery’ after having children
11 hours -
Development Bank Ghana targets GH¢1bn funding for commercial banks in 2024
11 hours -
Shatta Movement apologises to Ghana Society of the Physically Disabled after backlash
12 hours -
Sammy Gyamfi writes: Tema-Mpakadan Railway Project; A railway line to nowhere
12 hours -
Bright Simons: Is the World Bank saving or harming Ghana?
13 hours