World bank puts $40m into Ghana tourism

The World Bank has approved an International Development Association credit worth $40m for the Ghana Tourism Development Project.

The west African nation is fast becoming one of the most attractive prospects in the region, both for outside investment and commercial tourism. Central government has undertaken a raft of measures designed to legitimise business practices in the nation, from bank stability to the regulation of gaming.

To best make use of this increasingly fertile market the Ghana Tourism Development Project will utilise the $40m in funding to improve the performance of tourism in targeted destinations.

“The Tourism Development Project is expected to remove constraints and sustain improvements to the business enabling environment to help both domestic and international firms grow their operations,” said Douglas Pearce, World Bank practice manager.