Tourism Ministry Signs $50m Investments Agreement with GUMA Group
The Ministry of Tourism, Arts, and Culture (MoTAC) has signed a Memorandum of Understanding (MoU) with the GUMA Group on a $50 million investment package to build and redevelop selected tourism enterprises.
The MoU provides a roadmap for the partnership, which includes the designing, initiation, building, and rehabilitation of various projects under the aegis of the Ghana Tourism Development Company (GTDC) to ensure the tourism sector’s effective and efficient development.
The parties agreed to cooperate with each other to develop the enterprises within the next 24 and 60 months.
The investment entails the upgrade of the tented Shai Hills Resource Reserve into a luxury resort with rooms and a restaurant, as well as developing a Cultural Village like South Africa’s Lesedi concept.
Source: Ghana Business News