Interested in Tourism?

Emmanuel Nii Adjah Badger

+233 302 665125

emmanuel.badger@gipc.gov.gh

 

 

 

Investing in Ghana's Tourism Sector

Ghana’s tourism sector has seen significant investments in the past few years with projects and programs designed to increase investments, improve on existing infrastructure and also to increase the number of tourists visits, both domestic and foreign. The sector has attracted over US600 million in investments over the last 4 years and continues to be the number 5 highest foreign exchange earner for Ghana.

In February 2019, CNN International listed Ghana as one of the 19 must-visit places for tourists for the year 2019.

CURRENT DEVELOPMENTS

The Ministry of Tourism has developed a 4-year tourism development program. This program seeks to strengthen the tourism enabling environment, develop tourist sites and destinations as well as to provide support to tourism enterprises. When fully implemented, the program is expected to increase international arrivals by 300,000.

The President, H.E Nana Addo Danqua Akufo Addo cut the sod for the commencement of the marine drive project, which is the development of a 241 acre mixed use tourism enclave. Large portions of this enclave are available for private investments.

Ghana has declared 2019 as the “Year of Return”. This marks the 400 year anniversary since the first slave ship docked on US soil.  The yearlong celebration  is aimed at boosting tourist visits into the country and also to increase tourism investments.

INVESTMENT OPPORTUNITIES

  1. The marine drive enclave, which is a 241 acre development, is available for investments. Specifically, investors can look into the establishment of 4-5 star hotels, restaurants and beach resorts in the enclave.
  2. The Akwaaba Hotels project is a PPP initiative of the Ministry of Tourism to build and operate quality and affordable accommodation in tourist sites across the country.
  3. 3-5 star hotels in major cities and tourist sites are in demand.
  4. Specialized tourism companies to develop and operate such packages as adventure tourism, eco tourism, culture tourism and heritage tourism.

INVESTMENT GUARANTEES & INCENTIVES

Ghana guarantees investments against expropriation and offers free transferability of profits and dividends for foreign investors. In addition, companies in the tourism sector enjoy the following incentives:

  • A reduced corporate tax rate of 22% as against the general rate of 25%.
  • A 10% concessionary rate on imported goods for tourist establishments.
  • Import duty exemptions for plant and machinery

Tourism in Ghana