Expert advocates enforcement of payment of tax by fishing companies

A Lecturer at the Faculty of Renewable Natural Resources of the Kwame Nkrumah University of Science and Technology, Benjamin Campion, says fishing companies operating vessels in Ghana’s territorial waters must be made to declare their catch and pay the appropriate tax to the Ghana Revenue Authority. 

Dr Campion made the point at a day’s validation workshop on illegal, unreported and unregulated fishing organised by “Hen Mpoano”, a Sekondi-Takoradi based NGO which focuses on coastal and marine ecosystems. 

He noted that bigger vessels fishing in local waters are normally given a quota, and when they flout it pay a penalty. 

Dr Campion said some deliberately declare the stock as accidental catch thereby evading penalty, making the nation to lose revenue and this impacts negatively on the economy. 

GBC