SSNIT to receive tax incentives to build five hotels across Ghana

The Social Security and National Insurance Trust (SSNIT) is set to receive tax incentives from the government to support the construction of five hotels across Ghana by 2030.

The proposed investment forms part of the government's plans to expand tourism infrastructure, attract more visitors and increase tourism revenue.

Finance Minister Dr Cassiel Ato Forson announced the initiative during the presentation of the 2027 Budget Statement and Economic Policy to Parliament on Thursday, November 12, 2026.

Under the plan, SSNIT will build two five-star hotels in Accra and Kumasi, as well as three four-star hotels in the Cape Coast and Elmina area, the Volta Region and Northern Ghana.

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“Government will grant tax incentives to SSNIT to build by 2030: a five-star hotel in Accra; a five-star hotel in Kumasi; a modern, affordable four-star hotel to serve the Cape Coast and Elmina heritage corridor; a modern, affordable four-star hotel in the Volta Region for eco-tourism; and a modern, affordable four-star hotel in Northern Ghana,” he announced.

The proposed hotels are expected to improve accommodation facilities in key tourism destinations and support the growth of the hospitality industry.

The Finance Minister said the government expects its tourism investments to attract more visitors, encourage longer stays and increase foreign exchange earnings by 2030.

“By 2030, we expect higher arrivals, longer stays, greater visitor spending and stronger foreign-exchange earnings,” he said.

Dr Forson added that the expansion of the tourism sector would benefit local businesses and workers, including farmers, food suppliers, transport operators, artists and event organisers.

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The government also plans to complement SSNIT’s hotel investments with the completion of a new National Theatre in Kumasi and the establishment of a medical tourism hub to attract international visitors seeking healthcare services in Ghana.

DR/MA

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