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    Government partners private companies to mine abandoned iron ore in Oti Region

    Manufacture of petroleum products push PPI to 31.2% in April

    Nigeria begins processes to join Ghana-Côte d’Ivoire Cocoa Initiative

    Victor Yaw Asante, FBNBank Ghana MD

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    BoG must be innovative in dealing with rise in PPI – AGI

    Government partners private companies to mine abandoned iron ore in Oti Region

    Cedi depreciation pushes Ghana’s debt to over GH¢390 bn in April; 78% of GDP

    Manufacture of petroleum products push PPI to 31.2% in April

    Togbe Afede XIV urges BoG to introduce measures to deal with rising inflation

    SEC and West Africa Securities Regulators Association to hold 2nd edition of WACMaC

    GEA/Mastercard Foundation Young Africa Works supports 3,000 Beneficiaries with Start-up Kits

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    Government partners private companies to mine abandoned iron ore in Oti Region

    Manufacture of petroleum products push PPI to 31.2% in April

    Nigeria begins processes to join Ghana-Côte d’Ivoire Cocoa Initiative

    Victor Yaw Asante, FBNBank Ghana MD

    Banks will continue to innovate to meet customers’ expectations – FBNBank’s MD

    6th CEO’s Summit pushes for ease of doing business law to boost economic growth

    Policy rate likely to be increased to tame inflation – Databank CEO

    Banking Consultant bemoans continuous charging of unfair fees by banks

    Chamber of IPPs disappointed over ECG’s tariff increase request

    A comprehensive storage strategy will deal with post – harvest losses & inflation – CSIR

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    Government to invest heavily in internet safety – Ursula pledges

    Ho Node Hub rebrands as Node Eight

    Elon Musk strikes deal to buy Twitter for $44bn

    Block chain’s success will depend on supportive policy environment – Prof. Quaynor

    1.5% E-Levy rate will negatively impact GH¢6.9 billion target – Prof. Quartey

    Transactions to be affected by E-levy

    Bethniel Finance emerges winner in Innovation Challenge Program

    Taxing of non-resident e-commerce entities in Ghana could push prices up – Technology Consultant

    BoG cautions against fraudulent money-doubling scheme ‘BitCash Currency Exchange’

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    Greater, more diverse participation in global trade is key to achieving Africa’s economic transformation – World Bank

    Seth Terkper advises against e-levy; urges government to run to IMF

    AfCFTA members conclude negotiations on rules of origin to enhance free trade

    Implement strategies to sustain increased consumer preference for digital payments – Bawumia

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Hotels make some gains during festive season

byMichael Ogbodu
January 6, 2021
in Local Economy, News, Top Stories
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The Ghana Hotels Association says the Yuletide brought some respite to its members after enduring the adverse impact of the COVID-19 pandemic on their businesses.

The hospital sector has been one of the worse hit following the outbreak with many losing millions of dollars in the process.

Many industry players closed down while others downsized their staff numbers to stay afloat during the period.

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Speaking to Citi Business News, President of the Association, Dr Edward Ackah-Nyamike said even though the pandemic is not over, he hopes the growth of the local tourism sector will help cushion its members.

“I must say that Christmas brought some relief to the hotel industry, more so when it provided the icing on the cake after some increase in occupancy before, during and after the elections. Obviously, the industry is not out of the woods yet especially when you look at what’s going on in some countries. But at least the festive season and end of year activities brought some respite to operators in Ghana. We hope that the ongoing campaign for domestic tourism and other programs being spearheaded by the Ghana Tourism Authority and the marketing efforts by the hotels will sustain us in 2021 even as the government also plays its supportive role”.

After the reopening of the country’s international airspace business gradually began picking up for the many hotels across the country.

The association attributes this development to the easing of some COVID-19 restrictions in the country.

President of the Association, Dr Edward Ackah-Nyamike, said the political season also may have contributed to this improvement in business.

He told Citi Business News that, “Feedback from our member hotels across the country points to steady growth occupancy rates and hosting of events and conferences. Some attribute it to the ongoing political campaign while some others attribute it to the easing of COVID-19 restrictions and also to aggressive drive for domestic tourism by various groups and tour operators. We can only pray that the growth we are observing will continue.”

It is estimated that as of June 2020, the sector had incurred losses running into $171 million as a result of the pandemic.

Ghana’s international airspace was opened to travel in September which meant an increase in visits into the country by tourists who are the main customers of tourist sites in the country.

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Government partners private companies to mine abandoned iron ore in Oti Region

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