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For centuries resource economists have persistently debated and discussed the potential of the green economy and how it should be protected and used sustainably. Most studies to date on the economic value of natural resources have thus concentrated on the green economy and how countries could harness its resources to achieve growth and development. However, perhaps the blue economy (i.e., ocean resources) could also help achieve growth and development. Studies on the blue economy are concept notes, reports and literature reviews on the evolving definition of the concept. Therefore, we examine the blue economy in the context of marine communities’ socioeconomic characteristics that could lead to changing patterns in the use of ocean resources. Using household survey data (Ghana Living Standard Survey – GLSS 7) and regression analysis, we investigate the socioeconomic lives and welfare of marine communities amidst blue economy principles. We found that most marine households enjoy a reasonably high standard of living, which bodes well for blue economy principles as livelihood diversification could reduce pressure on fishing as the only job in these communities. However, we also found that many rural coastal communities have more appalling socioeconomic living conditions than their urban counterparts, with poor amenities (like toilet facilities and waste disposal). These are potential threats to the achievement of a blue economy. Thus, policy implications are discussed.

Analysing the socioeconomic characteristics of fisheries-dependent communities in the context of the blue economy in Ghana