According to the Ministry of Tourism, Arts, and Culture, foreign visitors contributed a significant $3.8 billion to Ghana’s tourist industry by the end of 2023, marking a spectacular resurgence of the sector.
This represents a considerable rise over the $2.5 billion in the prior year, demonstrating a strong rebound from the recession brought on by the pandemic.
The Ministry’s Chief Director, John Yao Agbeko, emphasized that in order to promote further sector growth, stakeholders must work together to provide a supportive regulatory framework.
He emphasized the possibility for further expansion while speaking at the GIPC Quarter Two CEOs 2024 Breakfast Meeting in Accra. He cited Ghana’s remarkable rebound in foreign arrivals, with 914,882 tourists in 2022 and 1,148,002 in 2023, generating noteworthy receipts of $2.5 billion and $3.8 billion, respectively.
Through the implementation of efficient policies, plans, programs, and projects, the Ministry is committed to fostering the sustainable growth and development of tourism, the arts, and culture, thereby making a significant contribution to Ghana’s GDP.
The economy of the nation is anticipated to benefit from this commitment, especially considering the sector’s sizeable GDP contribution to Ghana.
“The tourism sector in Africa shown remarkable resilience in handling 75% of all pandemic receipts. However, Ghana received a total of 914,822 foreign arrivals in 2022 and 1 million, 488,2 in 2023, yielding receipts of $2.5 billion and $3.8 billion, respectively.
“These only represent the newcomers from abroad.” Through the effective and efficient application of suitable policies, plans, programs, and projects, the Ministry of Tourism aims to establish an environment that supports the sustained growth and development of tourism, the arts, and culture, all of which significantly boost GDP.
In the meantime, in order to stabilize the declining value of the cedi, stakeholders in the tourist sector have been asked by Deputy Finance Minister Dr. Stephen Amoah to emphasize domestic travel.
He emphasized the necessity for domestic policy instruments that cater to Ghana’s unique requirements and urged industry participants and patrons to promote regional economic development.
Africa has a lot of ideas, but occasionally the global modules govern us too much, according to what I’ve observed. We must develop in-house policy instruments that are tailored to our needs.
“Let’s keep the money here and start demonstrating the high level of patronage.” I believe that because God has blessed us, as a nation, we have everything at our disposal to grow the tourism industry.