Abstract:
Oil and gas resources have the potential to generate revenue for its host country. Ghana’s oil find
in commercial quantities marked the beginning of an oil industry in the country. Expectations
from various stakeholders have been very high, especially the local communities. On the other
hand many have cautioned that if proper management structures are not put in place, Ghana may
be treading the path of other developing countries where oil discoveries have become a “curse”
rather than a “blessing”. The management of natural resources has been one of the biggest
challenges for developing countries. Experts in the field of natural resources management have
expressed divided opinions in connection with the linkage between natural resources abundance
and economic growth. They further acknowledged that, how to translate the wealth of natural
resources into a sustainable quality of life in a relatively safe environment is another issue. This
research assessed the activities of multinational oil companies and what is being done to mitigate
their effects on the marine fisheries industry. The study sought to explore the concerns of actors,
what measures are in place to manage conflict between the oil companies and the local fishermen
and the existing regulatory frameworks that control operations in the marine environment. The
research focused on stakeholders in the fishing and oil industries, using primary and secondary
data to analyse concerns raised by stakeholders and other literature relating to the research. The
study observed that local fishermen and local chiefs of communities in the catchment area of the
oil find are worried that the operations of multinational oil companies at sea are negatively
affecting fishing activities. In this regard, the government is enacting some laws and policies
which can safeguard the fisheries industry, if well implemented. Also, the capacity of the
institutions that will implement these policies is being enhanced. Recommendations are also
made to minimize any conflict that may arise between the fishermen and the oil companies –
government should put in place regulatory measures to control the operations of the oil
companies vis-a-vis the fishing industry. Comprehensive education programmes should be
instituted to well inform the local communities on measures put in place to protect their livelihood.
