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    Cedi Summit comes off today at Alisa Hotel

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    Cedi Summit comes off today at Alisa Hotel

    BoG’s supply of dollars to BDCs drops from 85% to 21% within 3 months – CBOD

    Societe Generale Ghana launches new ‘boafo loan product’ assist MSMEs

    CBOD calls for a more structured supply of Forex for petroleum products

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    BoG, CSA deepen collaboration to fight cyber threats

    Dr. Bawumia unveils Ghana’s first Tier IV data centre

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    Employ targeted-subsidized systems to check macro-economic challenges – Prof. Quartey

    Inflation in Africa: Some subsidy programs prolonging situation – Jeff Gable

    Cedi Summit comes off today at Alisa Hotel

    BoG’s supply of dollars to BDCs drops from 85% to 21% within 3 months – CBOD

    BoG, CSA deepen collaboration to fight cyber threats

    Societe Generale Ghana launches new ‘boafo loan product’ assist MSMEs

    Dr. Bawumia unveils Ghana’s first Tier IV data centre

    Intravenous Infusions PLC records 10% growth in profit in 2021

    Regional economic cooperation needed to enhance Africa’s competitiveness – Bawumia

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    Cedi Summit comes off today at Alisa Hotel

    BoG’s supply of dollars to BDCs drops from 85% to 21% within 3 months – CBOD

    Societe Generale Ghana launches new ‘boafo loan product’ assist MSMEs

    CBOD calls for a more structured supply of Forex for petroleum products

    Bank of Namibia Governor pays courtesy call on BoG Governor

    DBG funds will not be used to buy gov’t securities – Deputy CEO assures

    Producer Price Inflation rises again to hit 33.5% in May 2022

    #CitiBusinessFestival: Garment industry needs financial support to thrive – Cyndex CEO

    Ghana tops list of countries with cheapest cost of electricity in West Africa

  • TECHNOLOGY

    BoG, CSA deepen collaboration to fight cyber threats

    Dr. Bawumia unveils Ghana’s first Tier IV data centre

    ADB pioneers in global remittance services in Ghana [ARTICLE]

    Introduction of GhanaPay complements efforts to capture the unbanked into digital payments ecosystem – Veep

    #CitiBusinessFestival: How the country can take advantage of the “Ghana Opportunity”

    Chamber of Telecommunications calls for more investment into Technology to improve livelihoods

    Citi Business Festival: Address lack of financial data challenges using MoMo – Rufai Abdul Majeed

    Citi Business Festival: Acquiring digital skills key to securing employment – Maximus Ametorgoh

    Bank of Ghana commences piloting of digital currency in Sefwi Asafo

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    Regional economic cooperation needed to enhance Africa’s competitiveness – Bawumia

    Ivory Coast is set to receive $26.1 billion worth of development finance from 4 lenders, the EU and France

    Gulf central banks, Bank of England raise policy rates after Fed hike

    US Fed meets inflation surge with 75bp hike

    As Nigeria’s inflation rate accelerates to 17.71%, the World Bank warns millions could face extreme poverty

    Modern airline tickets design with flight time and passenger name. Plane tickets vector pictogram. Airline boarding pass template. Vector illustration. The concept of air transportation

    Ticket prices to rise following B.A schedule change on Accra-London-Accra route

    Bawumia calls for more AfDB support as African economies battle global challenges

    Stringent measures needed to deal with illicit financial transactions in Africa – Akufo-Addo

    Take control of financing on the continent – Ofori-Atta to AfDB

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Hoteliers unsure of complete shutdown as COVID-19 slows business

byPius Amihere Eduku
May 7, 2020
in Local Economy, Top Stories, Tourism
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Some hotel managers say they are still uncertain whether they will shut down their operations completely despite being affected adversely by the coronavirus.

The hospitality industry has not been spared by the impact of the pandemic; compelling managers of facilities to take tough decisions including reducing workforce by laying some staff off to stay afloat.

The E-Commerce Manager for Alisa Hotel, Nana Kwabena Kwarteng, in an interview with Citi Business News said though the company has been affected by the slowdown in business activities, shutting down completely may not be an ultimate decision.

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President Akufo Addo, through an Executive Instrument, has extended the ban on public gatherings such as conferences, meetings, religious activities among others, while Ghana’s borders remain closed.

Nana Kwabena Kwarteng however admitted that some operators in the hospitality industry may have to bear the brunt if the situation extends beyond June.

“Some have overheads that go beyond them when it comes to Finance Houses and others. So it will not look good if this situation goes beyond June,” he said.

Aside generating revenue from conferences, parties and other meetings from clients, operators in the hospitality industry also benefit hugely from international travel as guests and other persons book their accommodation facilities for their stay in Ghana.

But with the closure of Ghana’s borders which has since been extended by a month, the impact on hotels and other entities is expected to linger.

“For a hotel like ours which basically dwells on conferences, with the ban on conferences and social gatherings, we have had series of cancellations upon cancellations which at the end of the day brings down our business drastically,” Nana Kwabena Kwarteng narrated to Citi Business News.

At a meeting with industry players on Tuesday [May 5, 2020], President Akufo-Addo said government is working to support the hospitality industry in the wake of the global pandemic.

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