The Minister for Finance, Dr Cassiel Ato Forson, has announced that the Social Security and National Insurance Trust (SSNIT) is set to construct modern four-star hotels across three regions by the year 2030.
The hospitality projects, which will be sited in the Volta, Central, and Northern regions, form a major component of the government’s proposed US$1 billion investment in tourism, culture, and creative arts under Pillar 5 of the 2027 Budget.
Addressing Parliament on the matter, Dr Ato Forson explained that the state will back the pensions trust with targeted tax reliefs to facilitate the construction of the facilities, which are designed to be affordable while meeting international standards.
“Government will grant tax incentives to SSNIT to also build by 2030: a modern, affordable four-star hotel to serve the Cape Coast and Elmina heritage corridor; a modern, affordable four-star hotel in the Volta Region for eco-tourism; and a modern, affordable four-star hotel in Northern Ghana,” he told Parliament.
According to the Finance Minister, each facility has been strategically earmarked to drive specific segments of the local hospitality industry. While the Central Region project will cater to visitors exploring the historic Cape Coast and Elmina heritage corridor, the Volta Region facility is tailored to boost eco-tourism in the area.
In Northern Ghana, the planned four-star development is expected to bridge the accommodation deficit and stimulate broader tourism activities across the northern sector.
By: Rainbowradioonline.com/Ghana