• About
  • Advertise
  • Privacy Policy
  • Contact
Saturday, August 2, 2025
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result

Lifting of restrictions does not automatically translate into occupancy- Hotels Association

June 18, 2021
Stephen M.Cby Stephen M.C
in Vaultz Business
0
President of Ghana Hotels Association, Dr Edward Ackah-Nyamike, has disclosed that, the lifting of restriction by government doesn’t translate to businesses experiencing growth.

President of Ghana Hotel Association, Dr. Edward Ackah-Nyamekeh

President of Ghana Hotels Association, Dr Edward Ackah-Nyamike, has disclosed that, the lifting of restriction by government doesn’t necessarily translate to businesses experiencing growth.

According to him, although there are some hotels experiencing a positive shift in their business, it doesn’t apply to all.

His comments follow the first quarter GDP growth which revealed that the tourism sector had contracted by 10.7%.

RelatedPosts

MTN Ghana’s Profit After Tax Surges by 55% in H1 2025

BoG Data Shocker: 54% of Mobile Money Agents Now Inactive Despite Sector Boom

GSA Vows Tough Sanctions as BoG Enforces New Forex Rules to Curb Arbitrary Shipping Charges

“It doesn’t come as a surprise to us. It’s consistent with what we’ve been saying all this while that the industry is yet to recover. It’s picking up a bit but nothing close to what we had in 2019 or before. So, it will be too early to talk about recovery in the sector and I think the data has supported that position.

“The lifting of restrictions does not automatically translate into occupancy or businesses. We should also be careful not to interpret a few hotels doing above average as representing the general picture of the industry. Yes, some hotels are doing very well and yes, some hotels have positioned themselves in a way to take advantage of the patronage in the country. However, on a wider scale, looking at it in the general level across country, the occupancies are still very low, the patronage of our businesses is still low. I believe that’s what the statistics have captured”.

Additionally, Mr Ackah-Nyamike noted that, the international arrivals “formed a substantial part of the performance of the industry”.

“It’s always informed a significant part on the performance of the industry and our area is still struggling. That also has a rippling effect on even the domestic performance. Once that one is still struggling, then the picture is still gloomy”.

Stimulus package disbursed by NBSSI

Commenting on the stimulus package disbursed by the Ghana Enterprises Agency, then NBSSI, Mr Ackah-Nyamike explained that, there aren’t any published data on the number of hoteliers who have received the stimulus package.

“I think that there’s a way to be clear about some of these information. The industry is massive… The tourism and hospitality industry is huge. When we talk about the hotels, I would love to see the information from now Ghana Enterprises Agency as to the number of hotels that received that stimulus package and the quantum…

 “I wish I had the facts [and] figures to talk about, as we speak now. What happened was that, the NBSSI then started so well with us, they were very transparent. We sent all the list of our members to them and they were giving us information. Eventually, when the disbursement started, they gave a release of about eight names and that was it. We never heard or received further information from them. So, as we speak, I am unable to say [the] number of Ghanaians [who] received support from the NBSSI”.

Mr Nyamike noted that the Ghana Enterprises Agency is in the best position to disclose the exact number of hoteliers who have received the package.

“We know the way we also treat monies, the hotels are also not ready to come out and say I received this amount. Those who are supposed to give us the figures are not ready to give us the figure”.

Read Also: Ghana spends less than 1% of GDP on research

Tags: COVID-19Ghana Enterprises AgencyGhana Hotels AssociationGhana News
Please login to join discussion
Previous Post

Ghana spends less than 1% of GDP on research

Next Post

AMA, ECA hold workshop on Accra’s COVID-19 recovery and resilience plan

[mc4wp_form id="1264"]

Related Posts

Paul Adom-Otchere, OSP, Adom-Otchere
General News

OSP Alters Adom-Otchere Bail Terms After Public Backlash

August 2, 2025
Son Heung-min Confirms Tottenham Exit 
Sports

Son Heung-min Confirms Tottenham Exit 

August 2, 2025
Thailand Returns 2 Wounded Soldiers To Cambodia
Asia

Thailand Returns 2 Wounded Soldiers To Cambodia

August 1, 2025
Swiss Government Disappointed By US Tariffs
Europe

Swiss Government Disappointed By US Tariffs

August 1, 2025
Perseus Mining CEO Jeff Quartermaine to Retire After 12-Year Tenure 
Extractives/Energy

Perseus Mining CEO Jeff Quartermaine to Retire After 12-Year Tenure 

August 2, 2025
Hon. Alexander Afenyo-Markin, Parliament, Afenyo-Markin
General News

Afenyo-Markin Warns Against Political Revenge Culture as Parliament Ends Session

August 1, 2025
Paul Adom-Otchere, OSP, Adom-Otchere
General News

OSP Alters Adom-Otchere Bail Terms After Public Backlash

by Silas Kafui AssemAugust 2, 2025
Son Heung-min Confirms Tottenham Exit 
Sports

Son Heung-min Confirms Tottenham Exit 

by Prince AgyapongAugust 2, 2025
Thailand Returns 2 Wounded Soldiers To Cambodia
Asia

Thailand Returns 2 Wounded Soldiers To Cambodia

by Comfort AmpomaaAugust 1, 2025
Swiss Government Disappointed By US Tariffs
Europe

Swiss Government Disappointed By US Tariffs

by Comfort AmpomaaAugust 1, 2025
Perseus Mining CEO Jeff Quartermaine to Retire After 12-Year Tenure 
Extractives/Energy

Perseus Mining CEO Jeff Quartermaine to Retire After 12-Year Tenure 

by Prince AgyapongAugust 2, 2025
Hon. Alexander Afenyo-Markin, Parliament, Afenyo-Markin
General News

Afenyo-Markin Warns Against Political Revenge Culture as Parliament Ends Session

by Silas Kafui AssemAugust 1, 2025
Paul Adom-Otchere, OSP, Adom-Otchere
Son Heung-min Confirms Tottenham Exit 
Thailand Returns 2 Wounded Soldiers To Cambodia
Swiss Government Disappointed By US Tariffs
Perseus Mining CEO Jeff Quartermaine to Retire After 12-Year Tenure 
Hon. Alexander Afenyo-Markin, Parliament, Afenyo-Markin
[/vc_row_inner]

Recent News

  • OSP Alters Adom-Otchere Bail Terms After Public Backlash
  • Son Heung-min Confirms Tottenham Exit 
  • Thailand Returns 2 Wounded Soldiers To Cambodia
  • Swiss Government Disappointed By US Tariffs
  • Perseus Mining CEO Jeff Quartermaine to Retire After 12-Year Tenure 
The Vaultz News

Copyright © 2021 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2021 The Vaultz News. All rights reserved.