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All Journal International Journal of Business, Management and Economics
Tackie, Michael Kojoe Amoah
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Economics, Econometrics & Finance Social Sciences

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The Impact of Remittances on the Development of Domestic Tourism in Ghana. A Mediating Role of Cultural Exchange. Tackie, Michael Kojoe Amoah; Mensah, Thelma Frimpong; Awadzie, David Mensah
International Journal of Business, Management and Economics Vol. 5 No. 3 (2024): International Journal of Business, Management and Economics
Publisher : Training & Research Institute - Jeramba Ilmu Sukses (TRI-JIS)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47747/ijbme.v5i3.1805

Abstract

The primary aim of this research is to investigate the influence of remittance on local tourism development in Ghana. The study used a survey research approach to gather data from the DuBois Center and the diaspora African forum in Accra. Five hundred questionnaires were distributed; notably, 453 questionnaires were successfully retrieved, yielding a response rate of 90.6%. The study examined four hypotheses using partial least squares structural equation modeling (PLS-SEM). The results indicate that remittance positively and significantly impacts cultural exchange and local tourism development. Additionally, the findings suggest a positive relationship between cultural exchange and local tourism development, with cultural exchange mediating the association between remittance and regional tourism. Policymakers should invest in tourism infrastructure development, such as transportation networks and housing options, to maximize the benefits of remittances and cultural exchange. Collaboration between the public and private sectors can maximize the benefits of remittances and cultural exchange for local communities by fostering synergies in tourism development
The Impact of Transnational Migrant Knowledge Transfer on National Tourism Development: A Case Study of Ghana Tackie, Michael Kojoe Amoah; Mensah, Thelma Frimpong; Awadzie, David Mensah
International Journal of Business, Management and Economics Vol. 5 No. 3 (2024): International Journal of Business, Management and Economics
Publisher : Training & Research Institute - Jeramba Ilmu Sukses (TRI-JIS)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47747/ijbme.v5i3.1952

Abstract

The primary objective of this study is to investigate the impact of transnational migrant knowledge transfer on national tourism development in Ghana. A survey research approach was employed to gather data from the DuBois Center and Diaspora African Forum in Accra to achieve this aim. The study examined two hypotheses using partial least squares structural equation modeling (PLS-SEM). The findings, which indicate that transnational migrant knowledge transfer positively and statistically significantly affects national tourism development, underscore the critical role of transnational migrant knowledge transfers in enhancing the tourism sector. The study's urgent recommendations for policymakers, as key stakeholders, to create a supportive policy environment encouraging investments to enhance national tourism development, focusing on incentives for migrant investors in the tourism sector, are of immediate importance
Co-Authors Awadzie, David Mensah Mensah, Thelma Frimpong