Lake Bosumtwi Holiday Resort

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The past few years has witnessed the tourist industry making an impact in the economies of developed and developing countries. Tourism has therefore become a great growth in world trade. Worlds trends shows that this industry would continue to be the fasted growing industry in the late 1990’s and a leading sector and major employer by the year 2000. The recent World Tourism Organization (W.T.O) round table conference on global tourism trends held in Buenos Aire’s, Argentina in October 1991, confirmed this. Inspite of the economic benefits and growth potentials of the tourist industry coupled with the fact that visible exports from developing countries have been subjected to constant fluctuation in the Worlds Market, developing countries have not fully developed their tourism resources in order to take advantage of its benefits. Tourism, a universal Industry generates and creates investment opportunities, it introduces new skills and creates employment, it stimulates growth in its related industries and services due to its multiple effect, it is a reliable vehicle for the redistribution of income and today, it is the highest foreign exchange earner in several African and European Countries Far back in 1975, Great Britain earned £850 million per annum in visible export but earned £1,250 million per annum from tourism. In recent years African Countries such as Ivory Coast, Kenya, Tunisia and the Gambia registered significant increases in their respective earnings in tourism alone compared to other sources of income to their national economies. For the past 3 years, the Ghanaian economy has also made significant recordings in terms of earnings from the tourism sector, creating the awareness and a profound interest of the P.N.D.C. government now NDC to throw its full weight behind this ever growing industry thus, the formulation of policies geared towards improving the industry and making it more efficient. In 1989, Ghana earned 72 million dollars from tourism receipts whiles in 1994 this figure saw a tremendous increment to 250 million dollars. This development is enough to convince any Government to invest in this sector. Presently, the tourist industry is the 4th largest contributor to the total foreign exchange earnings to the national economy. It is projected that, it will become Ghana’ second biggest contributor to the foreign exchange earnings by the end of 1996, because of its average annual growth rate of 12%. One has to say that as a hospitability industry, it has built and created a positive image and enhanced international goodwill for Ghana especially in North America, Western Europe and the Far East.
A thesis submitted to the Board of Postgraduate Studies, Kwame Nkrumah University of Science and Technology, Kumasi, in partial fulfilment of the requirement for the award of Postgraduate Diploma in Architecture, 1996