Poverty mitigation and Wealth creation through artisanal fisheries in Dzemeni area at Volta Lake, Ghana.
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The study focused on the role of fisheries in wealth creation and poverty mitigation in the Dzemeni area, at the Volta Lake of Ghana. Three wealth groups were identified based on their value of asset possession, income earnings and productive capacities at the household level. The major source of livelihood is fisheries (involving fishing, fish mongering or fish trade in the local market). Other livelihoods are farming, making of fishing gears like canoes, basket and net traps, bamboo traps and ovens, repairing of damaged outboard motors; selling of other items like bags of charcoal, pepper, livestock; shop keeping; corn mill services and transport services. Investments in securing more assets, timely disposal of assets, increasing of household size were among the livelihood strategies employed by the rich to accumulate wealth. The poor respondents are more vulnerable to the effects of the seasonal fluctuations in fish catches than the rich respondents because they depend more on fishing as their livelihoods. Death of a prominent family member or the breadwinner of the family is among the factors that make members of the low strata poorer and more vulnerable. It was also discovered that children from poor households in the study area are more disadvantaged and vulnerable than other categories of people as they are mostly over exploited by the rich who foster them. This is due to their parent’s inability to cater for them or secure a better future for them. The victims are mostly young boys and girls aged between 5 and 14 years.