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Profitability of Small-Scale Fisheries in Elmina, Ghana

Author

Listed:
  • Denis W. Aheto

    () (Department of Fisheries and Aquatic Sciences, University of Cape Coast, PMB, Cape Coast, Ghana)

  • Noble K. Asare

    () (Department of Fisheries and Aquatic Sciences, University of Cape Coast, PMB, Cape Coast, Ghana)

  • Belinda Quaynor

    () (Marine Fisheries and Research Division (MFRD), P.O. Box BT 62, Tema, Ghana)

  • Emmanuel Y. Tenkorang

    () (Institute for Development Studies (IDS), University of Cape Coast, PMB, Cape Coast, Ghana)

  • Cephas Asare

    () (WorldFish Center, Jalan Batu Maung, Batu Maung, 11960 Bayan Lepas, Penang, Malaysia)

  • Isaac Okyere

    () (Department of Fisheries and Aquatic Sciences, University of Cape Coast, PMB, Cape Coast, Ghana)

Abstract

In order to achieve sustainable fishing livelihoods in coastal communities, data on profitability of small-scale fisheries relative to fish species caught and gear types used by fishermen is required as part of a broader fisheries management strategy. This study was undertaken with this in mind. Interviews were conducted among 60 fishermen between February and March 2010. Economic assessment of small-scale fishing activities were done using questionnaires based on direct market pricing and contingent valuation methods. The results indicate that highly profitable fish species include Epinephelus aeneus , Sparus caeruleostictus , Dentex angolensis and Lutjanus goreensis valued at US$2.97, US$2.87, US$2.85 and US$2.63 per kilogram respectively. The less profitable species include Dasyatis margarita , Caranx crysos and Sardinella aurita valued at US$0.34, US$0.66 and US$ 0.85 per kilogram respectively. Although Sardinella aurita was among the less valuable fish species, it was the main species driving profits for the fishermen due to its high share volume among the fish catches. Findings from this study suggest high rates of exploitation, in that stocks generally cannot provide for increased economic return in the face of increased investment. This is a clear indicator that the open-access nature of Ghanaian fisheries is not sustainable, and management reform is well overdue.

Suggested Citation

  • Denis W. Aheto & Noble K. Asare & Belinda Quaynor & Emmanuel Y. Tenkorang & Cephas Asare & Isaac Okyere, 2012. "Profitability of Small-Scale Fisheries in Elmina, Ghana," Sustainability, MDPI, Open Access Journal, vol. 4(11), pages 1-10, October.
  • Handle: RePEc:gam:jsusta:v:4:y:2012:i:11:p:2785-2794:d:20934
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    References listed on IDEAS

    as
    1. H. Scott Gordon, 1954. "The Economic Theory of a Common-Property Resource: The Fishery," Journal of Political Economy, University of Chicago Press, vol. 62, pages 124-124.
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    More about this item

    Keywords

    small-scale fisheries; economic assessment; fishing livelihoods; Elmina;

    JEL classification:

    • Q - Agricultural and Natural Resource Economics; Environmental and Ecological Economics
    • Q0 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General
    • Q2 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation
    • Q3 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation
    • Q5 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth
    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products

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