Purpose: The study sets out to examine the main macroeconomic determinants of tourism earnings
in Ghana during the period 1970 to 2013. Both theoretical and empirical literature on the topic was
thoroughly reviewed. In line with the objective of the study, an econometric model is specified with
tourism earnings as the dependent variable. The independent variables include income, trade
openness, nominal interest rate, consumer price index and exchange rate. The relevant time series
techniques were used for the analysis. Methodology: These included Augmented Dickey-Fuller test
for unit root, Johansen and Juselius cointegration test. Findings: The findings of the study revealed
that there is a long-run cointegration relationship between tourism earnings and the macroeconomic
variables. The important significant variables are trade openness, rate of change of consumer price
index and exchange rate. Recommendations: The policy implications of the study are that the
government should pursue prudent macroeconomic policies preferably, increased trade openness,
low inflation rate and realistic exchange rate in order to boost tourism earnings in Ghana.