The Chamber for Tourism is calling for urgent stimulus package - tax cuts and tax delays for businesses in the tourism sector to mitigate the impact of the coronavirus pandemic on the sector.
The Chamber is, therefore, calling for a consultation meeting between all interested parties including the Ministry of Finance, on what should be done in the short, medium and long term.
In a statement, the Chamber for Tourism said “While finding medical solutions to the problem, we must have a consultative meeting between all interested parties including the Ministry of Finance, on what should be done in the short, medium and long term.
This will include but not limited to tax cuts or tax delays; how much and for what period of time. A proper research done on job losses and a possible government programme that will support them in the interim.”
The Chamber is also calling for a “dialogue on using some hotels as centres at a subsidized fee to keep them running… Government through the Exim bank should set some supporting fund aside, with a less than 3 per cent interest to support the sector revive once more.”
Following the Year of Return in 2019 and Beyond the Return, which was expected to solidify the gains in 2020, the advent of COVID 19 has virtually eroded some of the gains made.
The tourism sector’s 4th foreign exchange earner position is also threatened, thus also affecting government revenue.
“While we wait for the Coronavirus curve to flatten and decline, we eventually need to look at how to improve the digital environment in the sector… A proper road map for pushing domestic tourism in the interim as we drive international tourism,” the statement added.
With the increasing number of confirmed coronavirus cases in Ghana, the government is under pressure to announce a lockdown. A lockdown could have severe repercussions for the Ghanaian economy hence the call by the Chamber for Tourism for a stimulus package for the tourism sector.
Ghana now has 132 coronavirus cases, with three reportedly dead.
Several calls
Earlier, the President of the Ghana Hotels Association said a stimulus package by the government is very crucial as some hotels are on the verge of collapse.
Dr Edward Nyameke Jnr. said this is due to the occupancy problem that has arisen as a result of the covid-19 outbreak.
According to him, the outbreak has the potential of shutting down many hotels in the country.
Latest Stories
-
BoG’s real sector indicators point to significant improved business, consumer sentiments
11 minutes -
King Paluta is the only worthy Artiste of the Year Nominee for TGMA ’25 – MC Portfolio
27 minutes -
I lost my home when I decided to start ‘Traffic Shawarma’ – Beverly Afaglo
33 minutes -
Beverly Afaglo criticises celebrities who attend big parties for fame, urges rich men to invest in the craft
54 minutes -
Processes were already underway to forward petitions to CJ for response – Presidency clarifies
54 minutes -
BoG increases policy rate to 28% to tame inflation
59 minutes -
National Kaizen Project: Japanese volunteer helps local businesses embrace Kaizen and improve productivity in A/R
1 hour -
AratheJay drops new single “Fire” with Bella Shmurda
1 hour -
17 postgraduate students awarded research grants under post COVID-19 initiative
1 hour -
LG Electronics, Rotary Club of Kumasi-Premier Intl relief Ejisu Asaman of water crises
1 hour -
Ghana’s Alidu Seidu opens up about how football saved him from death
1 hour -
Interpreting Article 146 of 1992 Constitution: Presidential obligations in CJ removal petitions
2 hours -
Mahama disappointed as Chief Justice’s letter leaks before reaching him
2 hours -
Second-generation biofuels potential in Africa – Research on Non-food and waste-based biofuel production
2 hours -
Strengthening Ghana’s national biofuel policy implementation: Tailored policy recommendations
3 hours