Ghana: All Set for Maiden Tourism Funding Summit

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In a bid to bolster Ghana’s tourism business and entice vital funding, the maiden Tourism Funding Summit is about to happen tomorrow.

The summit, organised by the Ministry of Tourism, Arts and Tradition, is supported beneath the Ghana Tourism Growth Venture in collaboration with the Ghana Tourism Growth Firm and different businesses, goals to deliver collectively key stakeholders within the tourism worth chain.

The first goal of the summit embody showcasing Ghana’s wealthy and various tourism funding alternatives, attracting consideration to the nation, and positioning it as a beautiful vacation spot for International Direct Investments (FDI) in tourism.

The occasion additionally seeks to foster world integration of Ghana’s tourism commerce and safe investments in varied precedence and rising tourism sectors for mutual advantages.

Individuals on the summit will characterize a big selection of sectors, together with Tourism Worth Chain Operators, Regulatory and Licensing Establishments, Monetary Advisory Sector, Actual Property, Banking, Insurance coverage, Transport, Aviation, Tourism and Commerce Associations, Public Entities, and SOEs.

Moreover, the summit will see the involvement of the Diplomatic Corps, Authorized Practitioners, Growth Companions, NGOs, and worldwide infrastructure and funding corporations from South Africa, United Arab Emirates, United States of America, United Kingdom, Saudi Arabia, and Turkey.

Ghana, also known as the “Centre of the World,” boasts wealthy pure, historic, and cultural assets that would function enticing vacationer locations.

Nonetheless, the nation’s tourism business faces challenges corresponding to a scarcity of investments, insufficient coordination amongst business gamers, infrastructure upkeep points, excessive lodge lodging prices, inadequate home airways, and a scarcity of coaching in tourist-related providers.

Regardless of these challenges, the Ministry of Tourism, Arts and Tradition is actively addressing them by means of initiatives just like the Ghana Tourism Growth Venture (GTDP), funded by the World Financial institution.

The GTDP goals to enhance tourism efficiency in focused locations, entice non-public sector participation and funding, and help the event of public websites and personal sights.

Whereas the GTDP has made vital strides in bettering chosen websites and sights, there stays a necessity for added investments in varied tourism-related enterprises.