Deputy Finance Minister Dr. Stephen Amoah has highlighted the importance of leveraging domestic tourism to stabilize the depreciating cedi.

Addressing stakeholders at the GIPC Quarter 2 CEOs Breakfast Meeting in Accra, Dr. Amoah emphasized prioritizing local tourism initiatives as a strategic measure to combat currency devaluation.

He underscored the significance of the tourism sector, noting its position among the top four contributors to foreign exchange inflows in Ghana.

“One thing I have seen about Africa is that we have a lot of ideas but sometimes the global models control us too much. We need to build homegrown policy tools that specifically address our needs. So we need to do all these things and make sure that we all repent…let’s begin to show that high level of patronage and keep the money here.”

“We always talk about cedi, cedi, if we change dollars and go there why won’t the cedi suffer? But if you stay here the dollar people come, they will demand our currency. As a country, we have everything at our disposal to develop tourism because God has given us. God has endowed us,” he stated.

Dr. Amoah advocated for homegrown policies tailored to meet Ghana's specific economic needs, urging policymakers and industry players to collaborate on strategies that promote local tourism and drive economic development.