What the finance minister said about Tourism in the 2024 Mid-Year Budget Review

The Minister of Finance, Mohammed Amin Adam, presented the 2024 mid-year financial budget to parliament on July 23.

The budget review is essentially about briefing parliament and the country on the financial performance of the government across all sectors of the economy and making projections for the coming years.

Regarding tourism, hospitality, and entertainment in Ghana, the minister mentioned that Ghana has become one of the ideal destinations for tourism worldwide.

“Mr. Speaker, Ghana is being positioned as an internationally competitive

tourism destination. Tourist arrivals have increased from about 500,000 in 2023 to almost 600,000 in the first half of 2024,” parts of Amin Adam’s speech read.

According to the minister, the increased number of tourists to the country has surged revenue generated from tourism by $300 million compared to the first half of 2023.

The statement read, “This has increased receipts to about US$1.8 billion compared to US$1.5 billion over the same period last year.”

The minister mentioned that as part of efforts to cater to the increasing numbers of tourists to the country, the government has enhanced infrastructure in the tourism sector and is renovating key tourist sites.

“To complement this progress, we have enhanced tourism infrastructure, marketing, supply-chain links, through the redevelopment of key tourist sites such as Aburi Gardens, Yaa Asantewaa mausoleum, the museum at Ejisu, and the Pikworo Slave camp,” a part of the minister’s statement read.

EAN/OGB

Watch the latest episode of Nkommo Wo Ho on GhanaWeb TV below