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Socio-Economics

Economics of marine canoe fisheries in Ghana


The artisanal canoe  fishery  has, in  recent times, reverted  to  its role as the mainstay  of Ghana’s  fishing  industry; it now contributes well  over 70 percent annually to total domestic catch.  It is in light of this that greater attention needs to be to every aspect of fishery including the economics of its operation. This paper therefore explores the economics of the fishery relying on secondary sources of data. The paper examines, in particular, the  net  effects of Ghana’s structural adjustment  policies on the canoe  fishery  with  regards  to  pricing  policy and  access to credit. The analysis reveals that whereas the industry may have suffered from the removal of  statutory  lending to the  industry  from  financial  institutions,  pricing policies have  generally  enhanced  the  earning capacity of canoe fishermen since real prices of fish have  generally moved  in sympathy with the general  rise in the cost of operations. Nevertheless, prices of fishing gear as well as fishing inputs have generally resulted in high cost of fishing operations. The increase in operations cost has, however, been largely cushioned by heavy subsidy on premix (at the study) which is major cost item for motorized operators. The conclusion from his study is that the canoe fishery seems to be  reaping  some profits from  their  operation  and profits raise mainly  out of  upward  movements  in the prices of fish  coupled  with a subsidy on fuel (which  has  since  been  removed).

 

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Name of Author(s):
A. WAYO SEINI
Institutional Affiliation:
Institute of Statistical Social and Economics Research (ISSER), University Of Ghana
Type of Publication:
Research Notes
Name of Publisher or Journal:
Date of Publication:
1995
Number of Pages:
17