Ghana to grant SSNIT tax incentives for five hotels by 2030
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Ghana's 2027 budget proposes tax incentives for the state pension fund SSNIT to build five hotels by 2030, including five-star properties in Accra and Kumasi and four-star hotels in the Cape Coast-Elmina corridor, the Volta Region and northern Ghana.
Ghana's government plans to grant tax incentives to the Social Security and National Insurance Trust (SSNIT) to support the construction of five hotels across the country by 2030, Finance Minister Dr Cassiel Ato Forson told Parliament on Thursday, 12 November, while presenting the 2027 Budget Statement and Economic Policy.
The proposed facilities include five-star hotels in Accra and Kumasi, a modern and affordable four-star hotel to serve the Cape Coast and Elmina heritage corridor, and further four-star hotels in the Volta Region and Northern Ghana. Dr Forson said the initiative formed part of efforts to expand tourism infrastructure and increase visitor spending.
The minister also announced that the government would complete a new National Theatre in Kumasi to serve as a cultural, performance, conference and creative-industry facility, and said the third component of the tourism development plan would focus on private-sector-led medical tourism.
"Government will establish a Ghana Medical Tourism Hub linked to specialist hospitals, diagnostics, rehabilitation, hotels, laboratories, and pharmacies," he told Parliament, adding that targeted tax incentives, serviced land and trunk infrastructure would be provided to support the hub's establishment.
The government expects the interventions to raise visitor arrivals, extend the duration of stays and boost tourism-related spending and foreign-exchange earnings by 2030. Dr Forson said the benefits should extend to local businesses and workers, including farmers, food suppliers, transport operators, craftspeople, artists, technology firms and event businesses.