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Deputy Finance Minister Dr. Stephen Amoah has called on stakeholders in the tourism industry to prioritize domestic tourism as a strategy to stabilize the depreciating cedi.
The tourism sector ranks among the top four sectors attracting foreign exchange inflows into the country.
Speaking at the GIPC Quarter Two CEOs Breakfast Meeting in Accra on Thursday, Dr. Amoah urged stakeholders to enhance local economic growth by implementing homegrown policies.
“One thing I have noticed about Africa is that we have many ideas, but global models often dominate us. We need to develop homegrown policy tools that specifically address our needs. We need to take these steps and ensure we demonstrate a high level of patronage to keep the money here,” he said. “We always talk about the cedi, cedi, but if we exchange dollars and travel abroad, why wouldn’t the cedi suffer? However, if we stay here, foreign visitors will come and demand our currency. As a country, we have everything we need to develop tourism because we are richly endowed by God,” he added.
Source: Omanghana.com
