Tourist arrivals into Ghana are expected to grow by 47% this year, following the easing of COVID-19 restrictions, a report by Fitch Solutions has revealed.
This is coming from a contraction of 65% in 2020, due to the effects of COVID-19 which triggered restrictions in some sectors of the economy.
“Ghana’s tourism sector has been negatively impacted by the COVID-19 pandemic and related travel restrictions. In 2021, we forecast tourist arrivals to grow by 47.0% year-on-year”, the report stated.
The Ghanaian economy grew by a paltry 0.4% because many sub-sectors including hospitality registered negative growth rates. This is because economic activity came to a standstill or fell drastically last year.
But a further easing of the lockdown by the government and an improved condition globally due to vaccinations of the majority of the populace has sparked tourist arrivals in the country.
According to Fitch Solutions, the rollout of vaccines and the easing of restrictions for inbound tourists is key for the recovery of the country’s tourism sector.
“We project the growth in tourist arrivals to remain positive in 2022, expanding by 28.4% year-on-year. The positive growth in tourist arrivals in 2021 and 2022 bodes well for hospitality businesses such as restaurants and hotels and recreation and culture establishments.”
Further, the research arm of the rating agency, Fitch, said the positive growth in tourist arrivals in 2021 and next year will improve the wage and employment prospects of people employed in this sector.
According to the Ghana Statistical Service, the Hotel and Restaurants sub-sector was the third fastest-growing in the second quarter of this year.