Ghana Market Report
Ghana is known for its diverse wildlife, old forts and secluded
beaches as well as colonial buildings. It possesses huge potential for tourism development. Ghana’s tourism sector experienced a notable surge in international arrivals over the past five years,
reaching a total of 1.15 million in 2023 compared to 1.13 million in 2019, according to the Ghana Tourism Authority (GTA).
opposition National Democratic Congress (NDC) party against Mahamudu Bawumia from the New Patriotic Party (NPP). John Dramani Mahama served as President of Ghana from 24
July 2012 to 7 January 2017. He previously served as Vice President of Ghana from January 2009 to July 2012, and took office as president on 24 July 2012, following the death of his predecessor. Mahamudu Bawumia meanwhile is an economist and former
central banker, from Akufo-Addo's ruling New Patriotic Party (NPP). He served as the 5th Vice President of Ghana assuming office in January 2017. Frustrations about economic hardship have tainted Akufo-
Addo’s presidency. Mahama who is seeking a comeback has promised that he will lead a war against corruption and recover misappropriated assets. Critics argue that corruption grew worse under Akufo-Addo's administration. Te election is expected to revolve around Ghana's economic difficulties, with the opposition accusing Bawumia of mismanaging the economy during a period of significant economic challenges.
TOURISM Ghana is known for its diverse wildlife, old forts and secluded beaches as well as colonial buildings. It possesses huge potential for tourism development. Ghana’s tourism sector experienced a notable surge in international arrivals over the past five years, reaching a total of 1.15 million in 2023 compared to 1.13 million in 2019, according to the Ghana Tourism Authority (GTA). In May 2024 Te GTA under the auspices of Te Ministry of
Tourism, Arts and Culture (MoTAC) launched its 2023 tourism report in Accra. Te report, titled "Strong Recovery," highlights the significant contributions of tourism to society and identifies growth opportunities. Key findings include a 48.9 per cent
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increase in domestic tourism, reaching 1.4 million in 2023, and a 7.63 per cent rise in licensed formal facilities. Te "See Ghana, Feel Ghana, and Wear Ghana" campaign de-
signed to promote the nation’s culture and heritage and fuel do- mestic tourism was launched in 2017 and has been a huge success. Indeed Ghana’s tourism industry has made a remarkable comeback since the pandemic, with international arrivals gen- erating a substantial US $3.8bn by the end of 2023, according to the MoTAC. Tis marks a significant increase from the previous year’s US$2.5bn, indicating a robust recovery from the pan- demic-induced downturn. Meanwhile the GTA expects two million arrivals in 2026.
HOW GAMBLING IS REGULATED ? Gambling is legal in Ghana and is regulated by the Ghana Gaming Commission. Te Gaming Commission is tasked with licensing and monitoring gambling operations as well as enforcing regu- lations that are set out in the Gaming Act of 2006. Te Gaming Commission of Ghana in turn falls under the jurisdiction of the Ministry of the Interior. Te gaming industry in Ghana was pre- viously regulated under the Lotteries and Betting Act, 1960 (Act 31), the Football Pools Authority Act 1961, (Act 78) the Gambling Machines Decree 1973 (NRCD 174) and Casino Licensing Decree 1975 (NRCD 320). Te gaming act of 2016 repealed these laws and set up the Gaming Commission. Before 2016 the Ministry of the Interior had oversight responsibility for the regulation of casinos and other games of chance. Today, the Commission is the regulatory body for: casinos,
sports betting, slot machines, the importation and installation of gaming equipment, promotional games, horserace betting, Route Operation (Slot Machines) scratch cards and bingo.
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