Travel and Tourism - Ghana - May 2013
It is probably safe to say that until recently Ghana’s tourism industry was not a priority for the government. The West African nation is rich in natural resources and over the past decade, commodities have fetched record high prices, earning sizeable export revenues for the State. As a source of foreign exchange, tourism took a back seat to other, more profitable industries. Things are, however, slowly changing.
Commodity prices are weakening and with it Ghana’s gross domestic product (GDP) growth, predicted to be 7.8% in 2013 (IMF estimate) – 0.4% lower than 2012. A new government, elected in December 2012, is once more turning its attention to tourism, instigating upgrades to the railways and roads and allocating funds for marketing and promotion, detailed in the 2013 budget.
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