The recent outgone President of the Ghana Hotels Association (GHA), Dr. Edward Ackah Nyamike Jnr., has challenged the newly elected leadership to secure a fair share of the 1% Tourism Development Fund.
During a swearing-in ceremony in Accra on Thursday, April 23, 2026, he reminded the new team that this money belongs to the industry.
The fund exists to help hotels recover from economic hardship and strengthen the country’s tourism sector.
The former president believes that transparency will determine whether local hotels survive or crumble under current financial pressures.
He specifically asked his successor, Mr. Victor Minta, to keep pushing for every hotel in Ghana to join the association.
“In doing so, kindly permit me to bring a few things to the attention of my successor, Mr. Victor Mintah, and his team. Continue the campaign for the mandatory membership of all hotels with hotel associations. Continue the advocacy for a more transparent and inclusive disbursement of the 1% Tourism Development Fund,” he stated.
Dr. Nyamike Jnr also pushed for more frequent meetings between the government and private business owners.
He noted that the law requires the sector minister to meet with stakeholders every three months to solve industry problems together.
In a direct response to these financial struggles, the new GHA President, Victor Opoku Minta, promised a lifeline for his members.
He announced the creation of a dedicated credit union to help hotels that cannot get help from big banks. Many small hotel owners currently find it impossible to borrow money to fix their rooms or pay their staff.
“This year we will launch the National GHA Credit Union to financially empower our member hotels and staff and to support the growth of our businesses,” he noted.
Mr. Minta hopes this new financial system will give members cheaper loans to upgrade their facilities and expand their operations.
By focusing on these human and financial needs, the association aims to restore the shine to Ghana’s hospitality industry.
