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.
- Beware of Kabuki dance to reverse irreversible rejection of 2022 budget – Amidu
- Martin Amidu: The arrogance and impunity of power – Parliamentary rejection of 2022 Budget statement
- Majority and Minority meet separately ahead of ‘fresh discussions’ on 2022 budget
- Didier Drogba hosts tonight’s Ballon d’Or event
- ‘A job is much more than an income, it is a key to dignity, self-reliance and empowerment’ – Duffuor
- Akufo-Addo is running ‘democratic-autocratic’ government – Amidu
- Police officer remanded for allegedly harassing a lady
- Ghana is not a secular state – Sam George
- Bagbin travelled to Dubai with a skeletal staff – Speaker’s counsel
- 2022 budget: Speaker’s decision is proper but can be challenged – Inusah Fuseini
Barbados becomes a republic and parts ways with the Queen
Vestergaard and Noguchi Memorial Institute celebrate 10 years of partnership in malaria fight
Oxford Business Group and African Economic Zones Organisation launch landmark analysis
Covid-19: Omicron variant in Netherlands earlier than thought
New book to improve diaspora investment in Ghana outdoored
Rest Assured with Bancassurance from Standard Chartered
Italian Trade Agency and Embassy in Accra celebrate Italian cuisine and wine in Accra
There’ll be serious consequences if budget is not approved – Stephen Amoah
Women’s Super Cup: Soccer Intellectuals’ Abalansa allegedly attacks referee in game against Prisons Ladies
New York Mayor-Elect Eric Adams heads to Ghana for long-planned trip
‘2022 Budget will be approved; action to start in 45 minutes’ – K. T. Hammond
‘JS Saoura are bound to lose a home game’ – Samuel Boadu
Contributions of women to good governance ideal for democracy and economic growth – Diana Oppong Mensah
Meet Prof Elsie Effah Kaufmann’s adorable children
Soccer Intellectuals’ Abalansa denies attacking referee