Audio By Carbonatix
The Ghana Tourism Authority has expressed worry about the practice whereby some hotels price their items and services in dollars.
Many real estate developers including four to five star hotels openly price and advertise their items in dollars without due notice to the Central Bank.
Although the local currency is the official legal tender for payments, most bodies and institutions do not accept it as a means of payment, thereby enforcing an impression of unofficially dollarising the economy.
But in an interview with Joy Business, Director of Events at the Ghana Tourism Authority, Ben Anane-Nsiah said the issue has been discussed with the Central Bank and all operators to find “a workable arrangement that does not contravene the law”.
Whilst steps are being taken to properly regulate the practice, he also conceded that there may be a few exceptions. He stated, for instance, lot of people deal with a lot of international traffic, and would understand the quotation in dollar better.
However, he said people should be allowed to pay the cedi equivalent in instances where prices have been quoted in dollar.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Ga Adangbe traditional priests petition Mahama over McDan aviation licence revocation
9 minutes -
Anti-LGBTQ Bill: NDC’s arrogance is worrying – Hassan Tampuli
20 minutes -
Let’s give OSP time to mature, not to scrap it – Hassan Tampuli
23 minutes -
Nigeria convicts 386 Islamist militants in mass trials
29 minutes -
Djibouti president wins election with 97.8% of vote, state media saysÂ
33 minutes -
We don’t have mandate to deduct tax from rent allowance of security services personnel – Interior Ministry clarifies
47 minutes -
Ablakwa receives Presidential Special Envoy on Reparations to advance global agenda
1 hour -
Christina Koch becomes first woman to travel around the moon on Artemis II
1 hour -
Epstein survivors’ calls to meet King Charles and Queen harder to ignore as US visit approaches
1 hour -
UN Secretary-General names Ghana’s Anita Kiki Gbeho as South Sudan envoy
1 hour -
Mali withdraws recognition of Sahrawi Republic, backs Morocco’s autonomy plan
1 hour -
Gov’t distributes over 8,500 laptops to One Million Coders project
1 hour -
Julius Debrah, ‘man to beat’ as NDC’s James Agbey dismisses Musah Dankwah’s polls
2 hours -
GPRTU in Savannah Region to protest alleged eviction in Damongo
2 hours -
Re: Reinsurance does not replace process — A response to the SIGA–SIC defence
2 hours