• About
  • Advertise
  • Privacy Policy
  • Contact
Wednesday, December 24, 2025
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result

Tuna Association claims 2021 Budget placed less emphasis on sector’s growth

thevaultzby thevaultz
March 31, 2021
Reading Time: 3 mins read
Richster Nii Amarh, the Ghana Tuna Association's Secretary.

Richster Nii Amarh, the Ghana Tuna Association's Secretary.

The Ghana Tuna Association has stated the country’s budget and economic policies placed less focus on the growth of the fisheries sector. According to the Association, this year’s budget, just as previous ones, failed to address the sector’s challenges.

Speaking in an interview, Richster Amarfio, the Ghana Tuna Association’s Secretary indicated that the artisanal sector has largely not received much government support in terms of budgetary allocations. He said the government’s budget has been always how the sector would contribute more to the government revenue generation program. He, therefore, suggested that the budget must look basically at how to support the artisanal sector to foster its growth.

Mr. Amarfio added that the budget must not only look at maximizing revenue generation from the industry. Rather, the government must also see how to enforce laws against illegal fishing towards the management of fish stocks.

RelatedPosts

Vice President Audits Fisheries Reset to Secure 2026 Food Sovereignty

Cocoa Boom Turns Bust as COCOBOD Records Losses Amid Global Price Rally

Ghana Cocoa Board Missed the Cocoa Bonanza as Global Prices Hit Record Highs – Randy Abbey Laments

Furthermore, he stated that moving forward a lot more engagement would be needed to address the challenges with the sector.

“We probably need to do more engagement on budgeting for the fisheries sector. We need to develop capacity in how to budget for the fisheries sector to make the fisheries sector respond to the needs of the country.”

Richster Amarfio, the Ghana Tuna Association’s Secretary

Tuna has been Ghana’s biggest seafood export, contributing significantly to the domestic fisheries sector. Among the top 10 products, tuna contributed about $1.66 billion representing 57% of the total non-traditional export revenue in 2019. However, Ghana is experiencing a decline in marine catches as a result of overfishing, illegal fishing, habitat degradation and many more.

Varied Assessment of Government’s Budget for Fisheries Sector

In another development, SEND Ghana noted that budgetary allocation for the Ministry of Fisheries and Aquaculture Development has increased by 163.6%. They indicated that the increment is in line with calls for increased funding for the development of the sector. However, the analysis over the years show that execution rates have been low, they noted. They attributed the low execution rates to non-releases of substantial amounts of approved budgets for spending.

ADVERTISEMENT

According to their assessment report, the total approved budget for capital expenditure was GHS 39,142 million in 2018. However, only 15.8 percent (GHS 6, 208 million) was released. Similarly, in 2019, the ministry spent less than half (45.7 percent) of its approved budget of GH¢59,592,448. The organization therefore urged government to ensure the mobilization of adequate funds and timely released to MDAs.

Furthermore, the 2021 budget reveals that government intends to give the artisanal fishing industry a major facelift. The government will complete the construction of the National Aquaculture Centre to promote aquaculture in the country. In addition, Government will construct hatcheries at the Ashiaman and Kona- Odumase and complete work at the Sefwi Wiawso and Dormaa Ahenkro.

To ensure growth of the fisheries sector, Kweku Ofori Asiamah, Transport Minister has revealed that the government has earmarked three towns, for the construction of modern fish landing sites. The towns are Ekumfi Otuam, Osu, and Mfantseman. This will bring the total number of such projects along the coastal regions of Ghana to fourteen.

Read also: We have taken some steps to get some of these monies back- SSNIT

Tags: 2021 Budget AssessmentAgribusinessBusinessFisheries IndustrySEND GhanaTuna Association
Share8Tweet5Share1SendSend
Please login to join discussion
Previous Post

Kumi Guitar features Shatta Wale on new song

Next Post

Prospects for sub-Saharan Africa recovery taking shape – World Bank

Related Posts

Vice President Jane Naana Opoku-Agyemang, With Hon. Emelia Arthur, Minister for Fisheries and Aquaculture
Agribusiness

Vice President Audits Fisheries Reset to Secure 2026 Food Sovereignty

December 23, 2025
Cocoa Boom Turns Bust as COCOBOD Records Losses Amid Global Price Rally
Agribusiness

Cocoa Boom Turns Bust as COCOBOD Records Losses Amid Global Price Rally

December 22, 2025
Ghana Cocoa Board Missed the Cocoa Bonanza as Global Prices Hit Record Highs – Randy Abbey Laments
Agribusiness

Ghana Cocoa Board Missed the Cocoa Bonanza as Global Prices Hit Record Highs – Randy Abbey Laments

December 19, 2025
Credit Risk Sharing Has Failed to Unlock Agric Financing – Prof. Quartey
Agribusiness

Credit Risk Sharing Has Failed to Unlock Agric Financing – Prof. Quartey

December 18, 2025
Vice President Professor Jane Naana Opoku-Agyemang
Agribusiness

Vice President Hails MOTAI’s Offensive Against Import Dependency

December 18, 2025
Hon. Elizabeth Ofosu-Adjare, disclosing gov't's 2026 industrial sector policy
Agribusiness

Gov’t to Revamp the Industrial Sector in 2026 with a Renewed Commitment

December 18, 2025
Dangote Refinery
Extractives/Energy

Marketers Warn Dangote Refinery Alone Cannot Meet Nigeria’s Petrol Demand

by Prince AgyapongDecember 24, 2025
CEDA
Extractives/Energy

Integrate Galamsey Fight into MMDCEs’ KPI – CEDA Boss to Government

by Bless Banir YarayeDecember 24, 2025
Galamsey Affected  Forest
Extractives/Energy

Cocoa Farms, Oil Palm Plantation Destroyed by Galamsey Activities – Adankrono Chief Lamants

by Bless Banir YarayeDecember 24, 2025
President John Dramani Mahama at his Inauguration
General News

NDC Extends Season Greetings, Commits to Delivering Fully on Mahama’s Mandate

by Evans Junior OwuDecember 24, 2025
USA

Venezuela Warns About US Continental Ambitions Over Latin America

by Comfort AmpomaaDecember 24, 2025
Bryan Acheampong, NPP Flagbearer Aspirant
General News

Bryan Acheampong Warns NPP Against “Bawumia 2.0” for 2028

by Silas Kafui AssemDecember 24, 2025
Dangote Refinery
CEDA
Galamsey Affected  Forest
President John Dramani Mahama at his Inauguration
Bryan Acheampong, NPP Flagbearer Aspirant

Recent News

Dangote Refinery

Marketers Warn Dangote Refinery Alone Cannot Meet Nigeria’s Petrol Demand

December 24, 2025
CEDA

Integrate Galamsey Fight into MMDCEs’ KPI – CEDA Boss to Government

December 24, 2025
Galamsey Affected  Forest

Cocoa Farms, Oil Palm Plantation Destroyed by Galamsey Activities – Adankrono Chief Lamants

December 24, 2025
President John Dramani Mahama at his Inauguration

NDC Extends Season Greetings, Commits to Delivering Fully on Mahama’s Mandate

December 24, 2025
c3be3875b3de6abab5e02f2dbf29540cb9056cbe4d34a0a079b0b137ba05b27c

Venezuela Warns About US Continental Ambitions Over Latin America

December 24, 2025
The Vaultz News

Copyright © 2025 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2025 The Vaultz News. All rights reserved.

Discover the Details behind the story

Get an in-depth analysis of the news from our top editors

Enter your email address