Ghana Secures $59m Facility from World Bank to Boost Tourism

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The World Bank Group has approved a $50 million facility to support Ghana’s Ministry of Tourism, Arts and Culture under the Ghana Tourism, Art & Culture Sector Improvement Project.

The project is aimed at strengthening institutions and stakeholders, improving sector competitiveness for job creation, empowering women and youth across all sub-sectors within the creative arts and culture value chain, as well as to enhance the overall domestic tourism sector.

The facility was granted after the sector Minister Catherine Afeku called for support to improve sector and support government’s larger vision of repositioning it as a key pillar for national development.

This is the first time in history of Ghana, that the Tourism, Arts and Culture industry has been supported by the World Bank through the Ministry.

The Ghana Tourism, Art & Culture Sector Improvement Project, will specifically support reforms in the country’s Tourism Strategy and Sector Development Implementation Roadmap, as a starting point towards the revitalization of the sector.

The project will also focus on fostering inter-sectorial stakeholder linkages and efforts coordination, as well as training to build capacities to create a skilled workforce in the hospitality, tourism and arts sector.

In addition to facilitating beach sanitation and commercialization, the project will dedicate portions of the facility towards supporting medium and small-scale enterprises within the sector for job creation, among others.

The project, which will be implemented through stakeholder agencies, is expected to initiate the much-needed drive to revamp the tourism sector to reposition itself as a lead contributor to Ghana’s economic growth and development.

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