Forecast: International Tourism Receipts in Ghana

Analysis of the international tourism receipts in Ghana reveals a fluctuating trend over the past decade. As of 2023, the receipts stood at $1.613 billion, showing notable recovery and growth from the drastic decline in 2020 due to the COVID-19 pandemic. The year-on-year variations reflect significant changes, with a 24.3% increase from 2022 to 2023. Over the last five-year period, the receipts have witnessed a steady recovery, with a CAGR of 10.12%. Forecasts indicate continued growth in receipts, reaching $1.8135 billion by 2028 with a 5-year CAGR of 1.86% and an overall growth rate of 9.65%.

Future trends to watch for:

• Rebound in global travel post-pandemic
• Increased digitization and enhanced marketing of Ghana as a tourist destination
• Development of tourism infrastructure and attractions
• Government policies and international partnerships to boost tourism
• Monitoring global economic conditions that could impact tourism