Tourism Development Fund yields Gh₵ 15m

Ghana Tourism Development Fund yields recognizable results after four years of establishment

Minister of Tourism, Mrs. Elizabeth Ofosu-Adjare,
Minister of Tourism, Mrs. Elizabeth Ofosu-Adjare,

Funding reserve for Ghana’s Tourism industry, Ghana Tourism Development Fund has within its four years of existence accrued over GHC15 Million as of end of October this year.

Hon. Elizabeth Ofosu Agyare- Minister for Tourism,Culture & Creative Arts
Hon. Elizabeth Ofosu Agyare- Minister for Tourism,Culture & Creative Arts

The tourism Act 817 allowed for the establishment of the fund in 2012 to collect a one percent levy from all tourism institutions, Hotels, Restaurants and industry players with the aim of accelerating the development of sector and increase the quality of service delivery to its patrons.

The fund is expected to be applied in the following areas, Marketing and promotion of Tourism; Capacity building, market research and development of tourism infrastructure; Development and promotion of other Tourism entrepreneurial activities; Tourism export trade-oriented activities of institutions and Tourism education and training.

Speaking on the floor of parliament, sector Minister Elizabeth Ofosu Agyare, disclosed that the monies accrued in the fund is from some 3,081 certified facilities providing catering and accommodation services in the country.

She informed Members that registration and certification of the accommodation and catering establishment had peaked except for newly – established enterprises within these segments .

“The certification of the 1% Tourism Levy has been expanded to cover all enterprises enumerated in a Schedule to the Tourism Act (Act 817), 2011,” She added

She assured that “measures have been put in place to ensure that all certified enterprises, mandated to charge and collect the levy comply and make accurate disclosure to the fund.”

Mrs Ofosu Agyare also stressed that Government through the Ministry of Tourism, Culture and Creative Arts has developed a 15 year National Tourism Development Plan to stimulate economic development and enhance its role as a leading sector for employment creation, revenue generation, environmental conservation, national cohesion and overall economic growth to improve the living conditions of the populace.

According to her, the plan has been put together with the aim of positioning Tourism in the national development agenda, as well as achieving the core objectives of the Ghana Shared Growth and Development Agenda II (GSGDA II).


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