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
-
Reason for training professional counsellors is to heal a hurting world – CCP president
7 mins -
Woman allegedly brings dead man to bank to take out a loan
15 mins -
It’s a good feeling to score against PSG because I’m a Marseille boy – Andre Ayew
40 mins -
Joe Lartey Sr: A voice that brought life to Ghana sports and beyond
1 hour -
Bawumia promises to tackle issue most dear to Ghanaians as he begins nationwide campaign
2 hours -
Indian couple donate $24m fortune to charity to adopt monkhood
3 hours -
Australians call for tougher laws on violence against women after killings
3 hours -
African Development Council establishes mission in Benin for Francophone countries
3 hours -
Okyeame Kwame reveals his secret to longevity in music industry
3 hours -
Youthful-looking 60-year-old woman qualifies for Miss Argentina contest
4 hours -
Ejisu By-Election: Campaign heats up as NPP holds final rally ahead of Polls on Tuesday
4 hours -
Rwanda plan: Irish government wants to send asylum seekers back to UK
4 hours -
Ice cubes now cost more than bread and milk in parts of Mali
5 hours -
Titanic gold pocket watch sells for £900,000
6 hours -
Elon Musk in China to discuss enabling full self driving – reports
7 hours