Skip to main content

EU sanction looms over Ghana’s fishing industry

Minister of Fisheries and Aquaculture, Nayon Bilijo, says he is taking steps to avert a looming European Union (EU) sanction on the country’s fishing industry.
He said his Ministry is pursuing a policy of sub-regional collaboration to stop illegal fishing in Ghanaian waters following an EU Commission resolution that placed Ghana on a list of countries set for sanctions.
The EU announced on November 26, 2013 that it had banned exports from Belize, Guinea and Cambodia. However, the announcement also warned three countries including Ghana to take action against illegal fishing or risk being blacklisted.
The EU has branded Ghana as one of the countries with the most illegal fishing industries. If the sanction is imposed, Ghana’s exports of Tuna to the EU will be blocked.
“What Ghana has to do now is to liaise with our neighbours to ensure that it is easier for a Ghanaian vessel to acquire fishing license to fish in Liberia, Ivory Coast and so on”, said Mr Bilijo.
The sector Minister, who expressed worry about the situation, says Ghana will do everything possible to deal with the problem.
But before the EU issued this warning there have been concerns about the decline of the fishing industry which is a key non-traditional export for the country.
Myrock Food Processing Company, a free zones company that exports canned tuna to the EU reported it has lost more than $5 million due to a ban of its exports to the European Market.
The company reported that it has had to lay off over 800 employees due to the ban having reduced its daily production from 100 to 60 tonnes per day.
Ghana is the third tuna exporting country to the EU. In 2012, canned tuna was the number 3 of the leading 10 non-traditional exports from Ghana according to the Ghana Exports Promotion Authority.
Tuna exports earned close to $147million in revenue in the same year and a little over $220m in 2011.

Myjoyonline.com

Comments

Popular posts from this blog

Akuapem-Apirede to promote tourism

By: Fred Yaw Sarpong sarpong007@gmaail.com
The Chiefs and people of Akuapem-Apirede in the Okere Constituency of the Akuapem North Municipality have put in place strategic plans to promote tourist sites in the town.
Apiredehene, Nana Saforo Okoampah III told the Daily Express that their vision is to develop Apirede in a modern way.
“We want to have a modern society and environment. We are doing this on the basis of promoting tourism here,” he added.
According to the Apiredehene, it’s their plan to promote the historic sites and the geographical location of the community.
Apirede is one of the 17 towns that forms the Akuapem State and historically, it used to house the armours of the Akuapem State. The community is part of the Nifa division of Akuapem.
He stated that one of those things was called ‘Odosu’ (the war god for Okuapemhene). “The Chief Executioner in those days for Akuapem also came from Apirede and items that he used were also kept here,” he stated.
“These are a lot of things …

Ghana to benefit from oil spill fund

By: Fred Yaw Sarpong

Ghana as crude oil importing country will benefit from the International Oil Pollution Corporation Fund if the country witnesses oil spill at its ocean.

“The fund is a global fund and it’s meant for the countries that import crude oil. The fund is voluntary but Ghana through the Tema Oil Refinery (TOR) contributes annually on behalf of Ghana,” Mr. Kojo Agbenor Efunam, the Deputy Director in charge of oil and gas at the Environmental Protection Agency (EPA) told the Daily Express.

He explained that the fund is mostly for crude oil importing countries but not those into production and exportation.

Mr. Efunam further explained that once Ghana is part of the fund, anytime there is an oil spill involving an oil tanker on the seas of Ghana, the country can apply for the fund to solve any problem resulting from the spillage.

“If the incident does not involve a tanker the country does not benefit. But if the incident involves a tanker the country applies for the fund,” he ment…

PFM Act to guide local government authority borrowing

By: Fred Yaw Sarpong
The bill, Public Financial Management (PFM) Act 921 which has been passed into law by Parliament is to guide public institutions especially the local government authority borrowing. The law was pass on 3rdAugust, 2016
According to the law, local government authority, a public corporation or state-owned enterprise is liable for the debt and other obligations without recourse to Government, unless otherwise explicitly guaranteed by Government in accordance with this Act.
Madam Eva Esselba Mends, the Chief Economic Officer and Group Head of PFM at the Ministry of Finance told the Daily Express that the law involves a lot but it also give instruction to how state institutions can borrow especially with the  local government authority.
She mentioned that there is no specific law in place that gives direction as to what local authority can do when it comes to borrowing by the authority. Other public corporations sometimes borrow with huge amount for their operation but loca…