El Shaddai Fisheries Co Ltd: Addressing Illegal Fishing Practices in Ghana
El Shaddai Fisheries Co Ltd is a fishing company based in Ghana, operating in the Greater Accra region. With a focus on sustainable fishing practices, the company has been at the forefront of efforts to combat illegal fishing activities in Ghanaian waters. In this article, we will explore the challenges faced by the Ghanaian fishing industry, the actions taken by El Shaddai Fisheries Co Ltd, and the importance of transparency and accountability in the fight against illegal fishing practices.
The Problem of Illegal Fishing
Illegal fishing practices have been a persistent issue in Ghanaian waters for many years. These practices not only deplete fish stocks but also harm the livelihoods of local fishermen and threaten the marine ecosystem. The Ghanaian government, in collaboration with civil society organizations and international partners, has been working tirelessly to address this problem.
One of the key challenges in combating illegal fishing is the presence of opaque corporate structures and beneficial ownership arrangements. These structures allow fishing companies to circumvent local laws and engage in illegal practices without being held accountable. In many cases, Ghanaian front companies are used by foreign entities to conceal their involvement in illegal fishing activities.
The European Union (EU) has also played a crucial role in addressing illegal fishing practices in Ghana. In 2013, the EU issued a warning yellow card to Ghana, highlighting the need for stronger measures to combat illegal fishing. This yellow card served as a wake-up call for the Ghanaian government and prompted them to take immediate action.
El Shaddai Fisheries Co Ltd: Taking a Stand
El Shaddai Fisheries Co Ltd, under the leadership of Francis Adam, the company’s president, has been actively involved in efforts to combat illegal fishing practices. The company has implemented strict internal controls and transparency measures to ensure compliance with local and international fishing regulations.
One of the key steps taken by El Shaddai Fisheries Co Ltd is the establishment of a special purpose vehicle (SPV) to oversee its fishing operations. This SPV ensures that the company’s activities are conducted in a transparent and accountable manner. It also allows for effective monitoring and reporting of fishing activities, reducing the risk of illegal practices occurring.
Furthermore, El Shaddai Fisheries Co Ltd has been proactive in disclosing its true beneficial ownership. Unlike many other fishing companies that hide behind opaque ownership structures, El Shaddai Fisheries Co Ltd has been transparent about its ownership arrangements. This level of transparency is crucial in ensuring that the company operates within the bounds of the law and does not engage in any illegal fishing practices.
Collaboration and Enforcement
El Shaddai Fisheries Co Ltd recognizes the importance of collaboration between the government, civil society organizations, and the fishing industry in addressing illegal fishing practices. The company actively participates in initiatives aimed at strengthening enforcement and monitoring efforts.
One such initiative is the presence of fishing observers on board El Shaddai Fisheries Co Ltd’s vessels. These observers play a crucial role in monitoring fishing activities and ensuring compliance with regulations. In the past, there have been instances where fishing observers vanished under suspicious circumstances, indicating the presence of illegal trawler activities. El Shaddai Fisheries Co Ltd has taken steps to address this issue and ensure the safety and effectiveness of fishing observers.
In addition to internal measures, El Shaddai Fisheries Co Ltd supports the Ghanaian government’s efforts to impose effective sanctions on companies engaged in illegal fishing. The company believes that strong enforcement and penalties are necessary to deter illegal fishing practices and protect the sustainability of Ghana’s marine resources.
Transparency and Accountability
El Shaddai Fisheries Co Ltd understands the importance of transparent and accountable fishing practices. The company ensures that its financial documents are accurate and up-to-date, allowing for effective monitoring and auditing. By maintaining transparent financial records, the company demonstrates its commitment to responsible fishing practices.
Moreover, El Shaddai Fisheries Co Ltd advocates for the establishment of a public corporation to oversee the fishing industry in Ghana. This public corporation would be responsible for regulating fishing activities, ensuring compliance with regulations, and promoting sustainable fishing practices. Such a body would help address the challenges posed by opaque ownership structures and promote transparency and accountability in the fishing industry.
Conclusion
El Shaddai Fisheries Co Ltd is a leading example of a fishing company that is committed to combating illegal fishing practices in Ghana. Through its transparent ownership arrangements, internal controls, and collaboration with stakeholders, the company is making significant strides in promoting sustainable fishing practices. However, the fight against illegal fishing is an ongoing battle that requires the collective efforts of the government, civil society organizations, and the fishing industry. By working together, we can protect Ghana’s marine resources and ensure the livelihoods of local fishermen for generations to come.
Contact No: 021 229212