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|T O P I C R E V I E W
||Posted - 05 May 2020 : 11:21:23
As a large proportion of this sector is foreign owned and the world is experiencing Corona Virus to see how the government can offer ANY financial help is not an option,buisnesses WILL collapse .
May 4, 2020
Gambian Tour Operators and Hoteliers said Sunday the hospitality industry risks crumbling if the Government and the development partners fail to intervene to save it from collapsing.
They emphasized the need for financial institutions to restructure all existing loans and overdrafts extend moratorium of 12 months and suspend interest on all facilities to help them overcome their liquidity challenges and as a stimulus to prevent them from collapse.
The Gambia Hoteliers Association and the Tourism and Travel Association of The Gambia made this statement in a press release issued on Sunday amid the coronavirus pandemic.
They also called on government to provide financing in the form of low interest loans to facilitate their operations during post Covid-19.
On Taxes, they said government as a member of The African Tax Administration Forum (ATAF) should quickly review and adopt the ATAF guideline to the response measures African countries can consider implementing to ease the burden of the pandemic on taxpayers and to ensure business continuity.
On Employee Support, the Associations said they are cognizant of the negative consequences and in particular the social impact of COVID-19 would have in the employees laid off, and are therefore calling on Government to take care of salaries for a minimum period of five months(from April).
They added: “Government to implore on Social Security and Housing Finance Corporation to pay workers part of their contributions for the sake of assisting the affected persons.”
The two associations issued the press release after the UNDP commissioned a rapid assessment study on the impact of Covid-19 on the Tourism and Related Sectors through GBOS, for their pro-activeness and resolve to support their employees, starting with the informal sector.
On Licensing and Municipality Rates, the Associations demand GTBoard to give concessions to tourism establishments through introduction of waiver of operational licenses. They further called on Government to implore on Municipalities to also give concessions for 2020/2021 calendar year.
|3 L A T E S T R E P L I E S (Newest First)
||Posted - 08 May 2020 : 10:37:37
By Tabora Bojang May 6, 2020
Tourism minister Hamat Bah has assured stakeholders in the hospitality industry that government will act responsibly to address major adverse effects of the coronavirus pandemic on their businesses.
Stakeholders in the hospitality industry are asking government to provide financial and practical support to both the travel and hospitality sectors in a bid to save the industry from the reels of the coronavirus pandemic.
They warned that the effect of the coronavirus pandemic is adversely wreaking havoc on the industry and could wipe out the entire sector if government fails to act in bailing them out.
Reacting to these demands, Hamat Bah told The Standard that government is aware of the ultimate volatility of the coronavirus on the hospitality industry and as such, it is working on plans to address the decline.
Minister Bah disclosed that a stakeholder meeting has already been convened between the government and the industrial stakeholders at which possible areas of intervention as well as clear measures to support the hospitality sectors were discussed.
Asked if these will entail both financial and practical support, Hamat who is also the leader of the NRP, said he would not want to make any further “comments to pre-empt what government is coming up with in the soonest possible time.”
“Government is responsible and we are very concerned especially when it comes to the hospitality industry. We have made this known to them during our discussions and plans are in advance stages. We know what we are doing and we are going to act in the most responsible manner,” Bah added.
||Posted - 05 May 2020 : 15:01:35
By Tabora Bojang May 5, 2020
The Gambia Hotel Association has demanded an immediate emergency bailout from government to save the hospitality industry from being ‘wiped out’ due to the coronavirus pandemic.
“The vast closure of hotels, small and medium size businesses at every level within Tourism area are having catastrophic ripple effects, hitting huge number of employees and suppliers. The ripple effect of Covid-19 is right now having a massive impact, wiping out an entire economic sector.
“As a matter of urgency, we demand from government to factor the tourism, hospitality and allied sectors in any emergency funds received from donors with immediate recovery assistance,” the Hotel Association and Tourism & Travel Association of the Gambia said in a joint statement.
They saida rapid evaluation on the impact of COVID-19 on tourism and allied sectors conducted by GBoS, reported a forecast loss of D6.7 billion from April to June.
“Out of this the hotels reported a combined loss of D6.4 billion, tourists camps reported D15 million while lodges and eco lodges have also reported a forecast loss of D7.7 million and D5.7 million.”.
The two associations, chaired by former minister of tourism Fatou Mass Jobe and Liane Sallah, proposed a five-point plan for government to take and combat the devastating effects of Covid-19, which include immediate intervention, financing, taxes, employee support, licenses and municipality rates.
On licensing and municipality rates, the associations demand government to give concessions to tourism establishments through introduction of waiver of operational licenses.
Loans and financing
The associations also called on government to provide financing in the form of low interest loans to enable operations post Covid-19.
As well as financial institutions to restructure all existing loans and overdrafts extend moratorium of 12 months and suspend interest on all facilities to overcome our liquidity challenges and as a stimulus to prevent them from collapse.
They urged the Gambia Government as a member of the African Tax Administration Forum (ATAF) to quickly review and adopt the ATAF guideline to the response measures African countries can consider implementing to ease the burden of the pandemic on taxpayers and to ensure business continuity.
Cognisant of the negative consequences and in particular the social impact of COVID-19 would have in the employees laid off, the associations called on government to take care of salaries for a minimum period of five months (from April) and implore Social Security and Housing Finance Corporation to pay workers part of their contributions for the sake of assisting the effected persons.”
||Posted - 05 May 2020 : 11:30:33
This is a long article with lots of images,in order to conserve bandwith please go directly to the link above.
"Like many businessmen/businesswomen and businesses that have been hard hit by the effects of the Coronavirus disease or Covid-19, Bensouda is still struggling to come to terms with the economic hardship and tragedies the deadly respiratory virus brought to the leisure industry and humankind globally."
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