Coconut Grove Hotels, one of Ghana’s leading hospitality brands, with facilities in Accra, Elmina and Obuasi, announced earlier in the week, their decision to reduce their prices by between 15% and 30% in response to the recent appreciation of the Ghanaian Cedi and nationwide decline in inflation.
Mr Ralph M.K. Ayitey, Chief Executive Officer of Coconut Grove Regency Hotel, made the commitment to fully align with national efforts to lower the cost of doing business, as manufacturers, airlines, and businesses across the informal sector begin to adjust their prices downward, following sustained currency stability and reduced import costs.
“All hospitality players in Ghana depend on imported supplies in one form or another,” noted Mr Ayitey. “Some rely on imported products for up to 75% of their needs. With the strengthening of the cedi, the cost of some of these imported items, such as linen, crockery, and even certain foods, has gone down.”
Coconut Grove Hotels has, therefore, responded by reducing rates for guest rooms, conference halls, banquet packages, and other services by as much as 30%.
“These reductions are not just promotional. They are a reflection of our long-standing appreciation for our loyal customers,” he said. “Our clients have stood with us through various phases of our business journey. It is only right that we give them the best value, especially at a time like this.”
Calling for bold policy interventions to consolidate the macroeconomic gains, applauding initiatives such as the recently launched Black Star Experience, Mr Ayitey says that would boost tourism and give international visibility to Ghana’s fashion and creative industries.
“I do not doubt in my mind that the government’s domesticated and indigenous approach is contributing to the current improvements. Business thrives on trust and predictability; so does the economy. We all have a role to play in shielding Ghana from external economic shocks,” he noted.
These insights by Mr Ayitey, who also serves as the National Treasurer of the Association of Ghana Industries (AGI), reflect a broader vision for local enterprise development and economic resilience amid global uncertainty
Raining umbrellas at Kempinski Gold Coast City
With climate change in full swing, effectively altering rainfall patterns lately, many are those who have been caught off guard by a sudden downpour.
On Father’s Day last Sunday, it rained umbrellas at the Papillion Restaurant at the Kempinski, which was overflowing at the seams with families who had showed up to fete and celebrate their ‘fathers’. As usual, the buffet serve a great variety of tasty meals.
Each table was given the opportunity to enter a draw in which they received souvenir goodies including a pair of socks from Chale Socks, authentic Ghana made products with an African heritage, as well as hand lotions distinctly packaged and presented by Tawiah and co. from the hotel’s marketing team.
