Ghana Eyes US$1 Billion Earnings From African Cup of Nations Tournament

The Chief Executive Officer of the Local Organizing Committee (LOC) of the Africa Cup of Nations (CAN) finals in Ghana, Mr. Sam Danquah, has said that Ghana is projected to earn US$1 billion from hosting the tournament, which opens Sunday in Accra, Ghana.

Danquah told journalists in Accra Saturday that apart from the benefits of additional infrastructure, the event would rake in US$1 billion.

“Ghana will earn US$1 billion from spending by visitors who will purchase souvenirs, rent hotel accommodations, taxis and transportation as well as on food and other expenditure,” Danquah said.

“If each visitor spends US$500 for the three weeks and with about a million visitors, that will bring in so much money,” Danquah said, adding that there would be some direct investments.

He explained that the cost for the development of stadiums and other infrastructure for the tournament would be recouped in about 50 years

Source African Press Agency

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