• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business

Hoteliers push for fairer access to Ghana’s 1% tourism fund

Industry leaders say the levy meant to support tourism development must be disbursed more transparently and inclusively if it is to help rebuild the hospitality sector

4 hours ago
in Business, Economy, Editor's pick, Features, General, highlights, Home, home-news, latest News, News, Political, Tourism
1 min read
0 0
0
4
VIEWS
Share on FacebookShare on TwitterShare on Linkedin
  • Hoteliers push for fairer access to Ghana’s 1% tourism fund

Ghana’s hotel industry is pressing for broader and more transparent access to the 1 per cent Tourism Development Fund, arguing that the levy should do more to support the businesses that sit at the heart of the country’s tourism value chain.

At the swearing-in of the new national executives of the Ghana Hotels Association in Accra, the association’s immediate past president, Dr Edward Ackah Nyamike Jnr, urged the new leadership to continue pushing for what he described as a more inclusive disbursement of the fund. He said the proper use of the levy would be critical in helping industry players recover from recent economic pressures while laying the basis for longer-term growth.

The fund, managed by the Ghana Tourism Authority, is intended to support tourism development initiatives and broader programmes aimed at strengthening the hospitality and tourism value chain. But hoteliers are concerned that the fund alone is not enough; what matters is whether those who contribute to the sector can also see practical benefits.

“Continue the advocacy for a more transparent and inclusive disbursement of the 1% Tourism Development Fund,” Dr Nyamike said, while also calling for mandatory membership of all hotels in hotel associations.

That demand reflects a deeper frustration in the hospitality industry. Hotels are often among the most visible participants in tourism development, yet many operators, especially smaller and mid-sized establishments, continue to struggle with financing, refurbishment costs and the pressure to maintain service standards in a difficult economic climate. In that context, access to a fund built from sector activity becomes more than an administrative issue; it becomes a test of whether tourism policy is actually reaching the businesses expected to deliver the visitor experience.

Dr. Nyamike also renewed calls for the implementation of the Public-Private Partnership Forum under the Tourism Act 817, which requires the sector minister, the Ghana Tourism Authority, and private sector players to hold quarterly meetings to address challenges in the industry.

The message from the new association leadership was equally telling. Newly elected president Victor Opoku Minta said the association plans to establish a credit union to support member hotels and their staff financially, a move that underlines how difficult access to affordable financing remains for operators in the sector.

RelatedPosts

Households Without Formal Education Face Higher Food Insecurity Risk – GSS Says

Food Costs Deepen Household Financial Strain as One in Five Households Spends Over 75% of Income on Meals

Africa-FX: Ghana’s Currency Under Pressure, Others Broadly Steady

“This year we will launch the National GHA Credit Union to financially empower our member hotels and staff and to support the growth of our businesses,” he said. According to him, the proposed credit union would provide relatively cheaper loans to help hotels renovate their facilities, expand operations and improve service quality.

Tags: Dr Edward Ackah Nyamike JnrGhana Hotels AssociationGhana Tourism AuthorityHoteliers push for fairer access to Ghana’s 1% tourism fund
No Result
View All Result

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.