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Tourism and Hospitality in Ghana

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The hospitality industry is a broad category of fields within the service industry that includes lodging, event planning, theme parks, transportation, cruise line, and additional fields within the tourism industry. The hospitality industry is a multibillion-dollar industry that depends on the availability of leisure time and disposable income. A hospitality unit such as a restaurant, hotel, or an amusement park consists of multiple groups such as facility maintenance and direct operations (servers, housekeepers, porters, kitchen workers, bartenders, management, marketing, and human resources etc.) Tourism on the other hand is travel for pleasure; also the theory and practice of touring, the business of attracting, accommodating, and entertaining tourists, and the business of operating tours. Tourism may be international, or within the traveler's country.

 

Tourism can be domestic or international, and international tourism has both incoming and outgoing implications on a country's balance of payments. Today, tourism is a major source of income for many countries, and affects the economy of both the source and host countries, in some cases being of vital importance. The increasing number of tourists and the evolving profile of today's traveler demand a host of new tourism offering and infrastructure projects.
A wide spectrum of investment opportunities arises out of Ghana's long-term tourism plans, which can enable the growth and the sustenance of this industry.  Investors are therefore encouraged to invest in tourist information shops, these independent shops are in high demand in major tourist centres particularly Accra, Kumasi, Cape Coast/ Elmina and border entry points.

Investors can also consider to invest in tourism financial services, these services are in short supply and as the visitor traffic grows, there will be the need for more such services particularly: Credit Card Agents or Discount Houses to offer credit to pay bills at areas which do not accept credit cards. Foreign Exchange Bureau: Though these are many, there is room for more improvement. Tourism Rental Services: There is a growing demand for the rental of catering, camping, picnic accessories as well as mobile telephone and toilets in Ghana, all in the service of travelers, event organizers etc.
Lastly investors are also entreated to invest in Shopping, Surveys indicate that most visitors to Ghana return home with most of their pocket (spending) money because the country does not offer tempting shopping opportunities despite her wealth in products. The following are required: Souvenir shops Supermarkets Shopping Arcades Shopping Malls Duty-free shops and among others. This and many investment opportunities are offered in this industry to ensure its growth and sustenance.
REFERENCE : Ghana Investment Promotion Center

Read 1677 times Last modified on Wednesday, 11 May 2016 14:36
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