Audio By Carbonatix
Tourist arrivals into Ghana is expected to grow by 47% this year, following easing of Covid-19 restrictions, a report by Fitch Solutions, has revealed.
This is coming from a contraction of 65% in 2020, due to effects of Covid-19 which triggered restrictions in some sectors of the economy.
“Ghana’s tourism sector has been negatively impacted by the Covid-19 pandemic and related travel restrictions. In 2021, we forecast tourist arrivals to grow by 47.0% year-on-year”, the report stated.
The Ghanaian economy grew by a paltry 0.4% because many sub sectors including the hospitality registered negative growth rates. This is because economic activity came to a standstill or fell drastically last year.
But a further easing of the lockdown by the government and an improve condition globally due to vaccinations of majority of the populace has sparked tourist arrivals in the country.
According to Fitch Solutions, the rollout of vaccines and the easing of restrictions for inbound tourists is key for the recovery of the country’s tourism sector.
“We project the growth in tourist arrivals to remain positive in 2022, expanding by 28.4% year-on-year. The positive growth in tourist arrivals in 2021 and 2022 bodes well for hospitality businesses such as restaurants and hotels and recreation and culture establishments.”
Further, the research arm of ratings agency, Fitch, said the positive growth in tourist arrivals in 2021 and next year will improve the wage and employment prospects of people employed in this sector.
According to the Ghana Statistical Service, the Hotel and Restaurants sub sector was the third fastest growing in the second quarter of this year.
Latest Stories
-
Tyler Perry sued by another aspiring actor alleging sexual assault and seeking $77m in damages
13 minutes -
Canadian national and Ghanaian boyfriend arrested for alleged arson at Oyarifa
52 minutes -
Police take over Gomoa Nyanyano after two factions clash in chieftaincy dispute
60 minutes -
Alavanyo Paramount Queen backs Asantehene in opposition to inclusion of Queenmothers in Houses of Chiefs
2 hours -
OSP’s preventive actions saved Ghana millions – Sammy Darko
2 hours -
Galamsey cuts off cocoa farms in Mfantseman, farmers suffer heavy losses
3 hours -
Ghanaian delegation set for January 20, 2026 trip to Latvia in Nana Agyei case – Ablakwa
4 hours -
Accra turns white as Dîner en Blanc delivers night of elegance and culture
6 hours -
War-torn Myanmar voting in widely criticised ‘sham’ election
8 hours -
Justice by guesswork is dangerous – Constitution Review Chair calls for data-driven court reforms
8 hours -
Justice delayed is justice denied, the system is failing litigants – Constitution Review Chair
9 hours -
Reform without data is a gamble – Constitution Review Chair warns against rushing Supreme Court changes
9 hours -
Rich and voiceless: How Putin has kept Russia’s billionaires on side in the war against Ukraine
9 hours -
Cruise ship hits reef on first trip since leaving passenger on island
10 hours -
UK restricts DR Congo visas over migrant return policy
10 hours
