Africa -  Ghana - Accra

Accra as a city that has a reputation of being one of the safest and friendliest in West Africa, making it ideal for first time visitors to Africa. The Government, developers and Investors are noticing the growing demand in the new hotel investment, and Carlson Rezidor is due to open its Radisson Blu Accra Airport Hotel this year 2017.

The number of International tourist in 2016 increased to 1,322,500 from 1,202,200 in 2015. Accra city Kokota International Airport has proceeded with the construction of terminal 3 expanding its capacity to accommodate the increasing number of passengers as well as the number of airlines services. Ghana has reduced the tax on refuelling aircraft at the Kokota International Airport Accra, attracting more flights en-route across the Atlantic.

The country is stable and it is growing at an impressive rate. Tourism in Ghana has long-term potential. The government is investing time, money and energy in the tourism industry, promoting it to international investors who are seeing the potential that Ghana has and are looking at investment opportunities.

Although many expected violence and fear after the presidential elections, Ghana had a peaceful presidential election and transition of power in 2016, showing hope for the future. The government is undertaking various fiscal policy consolidations that will aim to sustain economic growth.

Exchange Rate:

Exchange Rate 2015 Exchange Rate 2016 Change 2015/2016 Exchange Rate 2017 Change 2016/2017
US$ 1 1 1
Ghana - Accra 0.2632 0.2174 -17.4% 0.24243 11.5%

Change In Value For Market:

Legend
Significant Value Increase: Greater than +10%
Moderate Value Increase: Between +3% and +10%
Stable Values: Between -3% and +3%
Moderate Value Decline: Between -3% and -10%
Significant Value Decline: Less than -10%

Ghana - Accra RevPAR Change

Ghana - Accra RevPAR

Year RevPAR
2011 140.27
2012 127.75
2013 135.58
2014 123.81
2015 120.58
2016 123.50
2017 (f) 132.30

For more information, please contact:

Tim Smith, MRICS
tsmith@hvs.com
  • +27 797 342296 (w)
Laura Dutrieux
ldutrieux@hvs.com
Sibongile Masiba
smasiba@hvs.com