Audio By Carbonatix
The President of the Ghana Hotels Association, Dr. Edward Ackah-Nyamike Jnr, is calling on the government to address the numerous charges imposed on the sector in the Mid-Year Budget.
According to him, the country can meet its target of attracting over 1.5 million tourists, but the government needs to reduce the number of taxes imposed on the sector as well the high utility tariff.
Speaking at the 3rd National Executive Council Meeting of the Ghana Hotels Association, he said the despite recording a positive economic recovery post-Covid 19, the sector is still faced with challenges.
Dr. Ackah-Nyamike Jnr also said his outfit expects the Finance Minister, Ken Ofori-Atta, to address some critical issues bedeviling the progress of the sector in the Mid-Year Budget.
“We have several programmes which are bringing in people. When they come in, that is where some of the challenges come in because the hotels are hosting them. We have high taxes and utility costs, now water and electricity are adjusted every quarter and it keeps going high”.
“All those things together with the high lending rates and the cost of doing business, in general, is affecting our business. So we may bring in the numbers, however, the profit margin for the businesses is very small”, he mentioned.
The Minister of Tourism, Arts and Culture, Dr. Ibrahim Mohammed Awal reiterated the government’s support to helping the sector to develop.
The Ghana Hotels Association also called on financial institutions to support the sector to develop and contribute to economic development.
Latest Stories
-
Government to build 1,500-seat National Theatre in Kumasi
9 minutes -
Sammy Crabbe accuses NPP General Secretary of undermining party discipline
10 minutes -
GOIL PLC reduces fuel prices at stations to ease cost of living
10 minutes -
Atta Akyea warns NPP against dropping Bawumia ahead of 2028 elections
14 minutes -
Kumasi faces landfill crisis as Mayor seeks €6m for expansion
15 minutes -
Police rescue 46 trafficking victims, including toddler, at Buduburam
22 minutes -
How Telecel Foundation is equipping women in Agribusiness with digital and financial skills
23 minutes -
NPP race: Adutwum takes campaign to Afigya Kwabre South, Kwabre East
25 minutes -
Youth Minister appeals to Vice President for funds to tackle migration
29 minutes -
Navy busts shadow fuel syndicate at sea as illegal bunkering bleeds Ghana’s economy
29 minutes -
Former envoy urges NPP members to measure words
35 minutes -
GHS condemns violent attack at Akoti Health Centre in Central Region
38 minutes -
NLC blocks Air Traffic Safety strike, declares action illegal hours to shutdown
43 minutes -
No-Fees-Stress policy increases university enrolments — Registrar
45 minutes -
GSE market capitalization hits GH¢172bn in December 2025, a 54.50% growth
46 minutes
