Gov’t urged to incentivise ecotourism with tax waivers

By Ernest Bako WUBONTO

The General Manager of Platinum Blue Island Resort, Eugene Vidzro, has called on government to introduce tax incentives to stimulate investment in Ghana’s growing ecotourism sector, particularly around the Lake Volta basin in the Eastern Region.

Speaking to the Business and Financial Times, Mr. Vidzro highlighted the rising tourism potential of the Atimpoku–Akosombo enclave and emphasised the need for strategic policy support to accelerate its development.

“Tax waivers could sustainably supercharge Ghana’s ecotourism sector, especially along Lake Volta—the largest man-made lake in Africa—by creating jobs, providing alternative livelihoods and increasing tourism’s contribution to GDP,” he said.

He proposed specific incentives such as reduced VAT, import duty exemptions on tourism-related transport equipment like yachts and boats, and corporate tax holidays for investors in sustainable tourism infrastructure and services.

“Governments have long offered tax incentives to certain sectors to attract investment and spur growth. The same should apply to tourism—particularly ecotourism—given its immense economic and environmental value,” he added.

Lake Volta, he noted, holds significant potential to become the cornerstone of Ghana’s tourism strategy through expanded hospitality services and water-based recreation. “With the right investment and support, the basin could drive economic diversification and socio-economic transformation,” he said.

Mr. Vidzro stressed that responsible tourism practices—including waste management, water conservation, energy efficiency through solar power and the promotion of green livelihoods—are already being implemented in facilities such as his resort. These, he said, contribute not only to national development but also to local employment and environmental preservation.

Tourism remains one of Ghana’s key economic drivers, ranking as the fourth-largest contributor to GDP. In 2024, the sector generated US$4.8billion, a record high, according to the Ghana Tourism Authority (GTA). International tourist arrivals rose by 12 percent compared to 2023, while domestic tourism also recorded strong growth.

The Akosombo–Atimpoku area, located in the Asuogyaman District, has become a popular destination for both domestic and international tourists. It boasts several notable resorts and landmarks, including Platinum Blue Island Resort, Bridge View Resort, the Akosombo Dam, Adomi Bridge, Royal Senchi Hotel, Afrikiko River Front Resort, and The Peninsula. Activities such as canoe rides, boat cruises, kayaking, river walking and beach sports continue to draw visitors.

Despite this progress, large portions of Ghana’s ecotourism potential remain untapped. According to GTA data presented in 2023, Ghana is home to 20 national parks and reserves, 222 species of mammals, 721 species of birds and 540 kilometres of coastline, as well as several notable lakes, waterfalls and sanctuaries. However, many of these sites suffer from poor infrastructure and limited accessibility.

Mr. Vidzro, therefore, urged the Ministry of Tourism and the GTA to prioritise investment in ecotourism development, particularly around Lake Volta and in water sports. “With focused attention and favourable investment conditions, these destinations can become leading tourism hubs in West Africa,” he said.

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