Business News of Monday, 25 November 2019

Source: www.ghananewsagency.org

'Year of Return' stimulates Ghana's economic growth

The 'Year of Return' celebrations have stimulated Ghana's economic growth since January The 'Year of Return' celebrations have stimulated Ghana's economic growth since January

The 'Year of Return' celebrations have stimulated Ghana's economic growth since its inception in January this year, according to Mr Akwasi Agyemang, Chief Executive Officer, Ghana Tourism Authority (GTA),

He said the number of visitors to the country had positively impacted the private sector space including; airlines, hotels, tour operators, restaurants and arts and crafts.

Addressing journalists on the "December in Ghana Stakeholders engagement," in Accra, highlighting events to be held as part of the year-long celebrations of the 'Year of Return' in December, he said various Art Centres' merchants confirmed increased sales as compared to last year as tour operators had increased bookings to areas with linkage to the Trans-Alantic Slave trade.

Mr Agyemang revealed that the estimated amount money spent by a tourist in 2017 was $1862 but had risen to a significant $2,589, adding that the average stay by travelers had increased from 8 to 10 days.

Improved Diaspora relations, international media coverage, community involvement, high profile visits and celebrity endorsements were other benefits of the 'Year of Return' to the economy so far, he said.

He appreciated the media for disseminating all events and information about the celebrations thus lifting the name of Ghana high among its African counterparts and appealed to them to continue to support the rest of the upcoming activities.

Ms Annabelle Renee Mckenzie, Manager, 'Year of Return,' outlining the programmes for December thanked all events organizers for coming up with various events to mark 'December in Ghana'.

She said there would be series of events from December 1st 2019 running through to January 2020 all to celebrate 400 years of African Resilience.

The events included: December 1st 2019 Exclusive Premiere, Perfect Picture 2, at the Labadi Beach Hotel, December 5th to 26th Diaspora from local to foreign art exhibition at 1 Dodi Link, December 6th live X festival with Cardi B at Accra Sports Stadium, December 6th to 7th Gold Coast Experience at the Black Star Square December 6th to 7th.