Abstract:Profitability of Small-Scale Fisheries in Elmina, Ghana


Small Scale fishermen in Akwidaa, Western Region, Ghana
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.

http://www.mdpi.com/2071-1050/4/11/2785

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