The development objective of the First Phase of the West Africa Regional Fisheries Program Project is to support the sustainable management of Ghana's fish and aquatic resources by: (i) strengthening the country's capacity to sustainably govern and manage the fisheries; (ii) reducing illegal fishing; (iii) increasing the value and profitability generated by the fish resources and the proportion of that value captured by the country; and (iv) developing aquaculture. There are five components to the project. The first component of the project is good governance and sustainable management of the fisheries. This component aims to build the capacity of the Government and stakeholders to develop and implement policies through a shared approach that would ensure that the fish resources are used in a manner that is environmentally sustainable, socially equitable and economically profitable. The second component of the project is reduction of illegal fishing. The component aims to reduce the illegal fishing activities threatening the sustainable management of the country's fish resources. The third component of the project is increasing the contribution of the fish resources to the national economy. The component aims to identify and implement measures to increase the benefits to Ghana from the fish resources, by increasing the share of the value-added captured in the country. The fourth component of the project is aquaculture development. The component aims to set the framework for increased investment in inland aquaculture. The fifth component of the project is regional coordination, monitoring and evaluation and project management. The component aims to support project implementation and regional coordination with the project, ensuring that regular monitoring and evaluation is conducted, and the results are fed back into decision-making and project management.

Project 3558: SP-SFIF: West Africa Regional Fisheries Program (WARFP)