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    Leverage crises to improve fortunes of continent – Ofosu-Dorte

    African Finance Ministers tasked to allocate more resources into education sector

    Unilever Ghana PLC remains upbeat about future growth prospects

    Citi Business Festival enters final week; forum on agribusiness comes off today

    BoG must enforce regulations on informal forex trading – Prof. Quartey

    DBG will mirror KfW’s successful banking model to benefit SMEs

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

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

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    Unilever Ghana PLC remains upbeat about future growth prospects

    Citi Business Festival enters final week; forum on agribusiness comes off today

    BoG must enforce regulations on informal forex trading – Prof. Quartey

    DBG will mirror KfW’s successful banking model to benefit SMEs

    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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    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

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    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

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Year of Return pumped $3.3bn into Ghana’s economy – Tourism Minister

May 28, 2020
in Top Stories, Tourism
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The Minister for Tourism, Arts and Culture, Barbara Oteng-Gyasi, has revealed that the Year of Return initiative raked in tourism receipts amounting to $3.3 billion.

According to her, the average expenditure per tourist was $2,391.

She said the amount was spent on accommodation, food and beverages, shopping, local transport, and entertainment.

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In responding to questions in Parliament on Thursday, May 28, 2020, the Minister noted that the government intends to build upon the success of the Year of Return initiative.

“By the end of 2019, the international arrivals reached 1.13 million from 956,372 in the year 2018, which was 27% growth above the global average of 5%. The average expenditure per tourist increased from $2,708 in 2018 to $2,931 in 2019. The receipts attributed to tourism is therefore, $3.312 billion. The increased number of travelers to Ghana positively impacted five sector industries such as airlines, hotels, tour operators, restaurants, and arts and craft dealers to name a few,” she said.

Meanwhile, the Ghana Tourism Authority earlier indicated that it spent about GH¢6 million on promoting the Year of Return campaign in and out of the country.

The Chief Executive Officer of the Authority, Akwesi Agyemang said the expenditure did not include spending on media documentaries.

About the Year of Return

The Year of Return campaign, was an initiative by the Akufo-Addo government, focused on encouraging African diasporans to specifically travel to Ghana to reconnect with their root and possible settle and invest in the continent.

It was launched in September 2018.

The initiative saw an array of celebrities across the globe making their way into Ghana to explore, learn and appreciate their roots, as well as unite with Africans on the continent.

Steve Harvey, Nicole Ari Parker, Diggy Simmons, and Micheal Jai White, Ludacris, Cardi B, and Bozoma Saint John were among a host of celebrities who visited Ghana during the period.

Source: Ernest Arhinful / citinewsroom.com
Tags: Ministry of TourismYear of Return
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