• About
  • Advertise
  • Privacy Policy
  • Contact
Tuesday, August 18, 2026
  • 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
in Agribusiness

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

thevaultzby thevaultz
March 31, 2021
Reading Time: 3 mins read
Add as Preferred on Google
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.

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

ADVERTISEMENT

“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.

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.

ADVERTISEMENT

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

ADVERTISEMENT

Sign Up to Our Newsletter

Fresh updates, Straight to your inbox

Tags: 2021 Budget AssessmentAgribusinessBusinessFisheries IndustrySEND GhanaTuna Association
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

COCOBOD officials and Regional Managers in a group photo after the briefing on the Ghana Cocoa Board Bill, 2026, in Kumasi.
Agribusiness

COCOBOD Equips Regional Managers to Counter Misinformation on New Bill

August 14, 2026
Imported Tomatoes
Agribusiness

Ghana Loses US$168 Million Annually to Tomato Imports, CSIR

August 12, 2026
NPP Co-Chairman for the Policy Committee on Agriculture and Member of Parliament for Offinso South, Dr. Isaac Yaw Opoku
Agribusiness

NPP Urges Mahama Not to Sign New Cocoa Board Bill

August 10, 2026
Government Backs AAC’s Bold Commercial Farming Vision
Agribusiness

Government Backs AAC’s Bold Commercial Farming Vision

August 6, 2026
ADVERTISEMENT

Sign Up to Our Newsletter

Fresh updates, Straight to your inbox

ADVERTISEMENT

Recent News

Minority Leader and Member of Parliament for Effutu, Hon Alexander Afenyo Markin

Afenyo-Markin Alleges Grand Conspiracy by Baffoe-Bonnie to Remove Torkornoo

August 18, 2026
Afenyo Markins

Accounting Location Can’t Shield GoldBod from Loss Accountability – Minority Cautions

August 18, 2026
Welcome To Derry

HBO Renews ‘IT: Welcome To Derry’ For Season 2

August 18, 2026
Karela_United_FC_logo

FIFA Hands Karela United Registration Ban Over Unpaid Financial Obligation

August 18, 2026
Minority Caucus Addressing the media

Minority Flags ‘Moral Hazard’ in Goldbod’s Gold Purchasing Operations

August 18, 2026
ADVERTISEMENT
Next Post
Prospects for sub-Saharan Africa recovery taking shape - World Bank

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

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.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.