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Tourism sector businesses lose GH¢8bn to pandemic

Tourism sector businesses lose GH¢8bn to pandemic
June 29, 2021
Businesses operating within Ghana’s tourism sector has lost a revenue of GH¢8 billion to the pandemic with a resultant job loss estimated at 75 percent, Minister of Tourism, Arts and Culture, Dr Ibrahim Mohammed Awal has said.
A chunk of these businesses, which falls within the hospitality subsector, according to the Ministry, had to lay off thousands of workers in hotels and restaurants in order to cut down cost or due to total closure.
Globally, the tourism and hospitality industry was said to be the biggest loser in the pandemic as the world travel and tourism sector in 2020, suffered a massive loss of nearly US$4.5 trillion due to virus-related travel restrictions, border shutdowns, and drop in consumer demand, according to the World Travel and Tourism Council (WTTC) ....

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