JOINT VENTURESHIP ON TUNA FISHING

CONDITIONS FOR JOINT VENTURESHIP ON TUNA FISHING

Type of Fishing

Tuna fishing is the only area where the Fisheries Law allows foreign participation i.e. Joint Ventureship.

Registration of Company

The company must be a limited liability company registered in Ghana with the Registrar General’s Department.  Tuna fishing must be an activity allowed to be carried out by the company.

Share-Structure

At least 50% of the shares in the tuna fishing vessel must be beneficially owned or controlled by citizen of Ghana, the Government of Ghana, a company or partnership registered by law in Ghana which has its principal of business in Ghana.

Management

To be able to sell to the EU market, the company should satisfy the ACP-EU Contonou Protocol.  Also apart from 100% and 50% share holding for Ghanaians in Trawling and Tuna respectively, the Minister can grant access when practicable.

Crew Composition

The owners shall employ a master, officers and crew of which not less than 75% shall be Ghanaians.

Certificates Required on the Vessel

Valid Class certificate

Valid Survey report

Valid Tonnage certificate

Valid Oil pollution prevention certificate

Valid Safety Equipment certificate

Valid Radio and Communication Equipment certificate