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Business News of Friday, 17 May 2024

Source: www.ghanaweb.com

Tourism is the 4th biggest earner of forex in Ghana - Yofi Grant

Chief Executive Officer of GIPC, Yofi Grant play videoChief Executive Officer of GIPC, Yofi Grant

Chief Executive Officer of the Ghana Investment Promotion Center (GIPC), Yofi Grant, has disclosed that the tourism sector is the 4th biggest earner of the country's forex.

He noted that the tourism sector has grown significantly in the past years due to its attractive nature.

Yofi Grant cited political stability and the Rule of Law as some reasons for the tremendous growth in the tourism sector.

To buttress his claim, he indicated that Ghana has become a haven of happiness for both local and international tourists.

In his view, the tourism sector creates jobs for the youth and boosts the economy.

"Tourism is a low-hanging fruit for the growth of the economy only because it has import ability. We can actually import tourists; it also creates jobs, and it is probably one of the areas where jobs can be created organically without much effort," he said.

The GIPC CEO added that, "The Bank of Ghana estimates that tourism is the 4th biggest earner of forex in Ghana, trailing behind gold and cocoa, so it is important to our economy."

Yofi Grant was speaking on the theme: “Regulatory framework for tourism infrastructure and its growth.”

In the Ghana Tourism Authority's 2023 report, a total of 1,157,632 visitors explored these top attractions, representing a significant portion of the 1,407,709 visits to various tourist spots.

Meanwhile, the top 10 most visited tourist sites in Ghana are:

• Kwame Nkrumah Memorial Park

• National Museum

• Kakum National Park

• Kumasi Zoo

• Cape Coast Castle

• Aburi Botanical Gardens

• Elmina Castle

• Bunso Arboretum

• Accra Zoo

• Manhyia Palace Museum

SA/NOQ