Food Production Corporation Instrument 1971, L.I 711
Regultion 7
(1) The capital and other funds of the Board shall consist of—
(a) any grants received from the Government by the
Board for the discharge of its functions ;
(b) any loans granted to the Board by the Government or any other body or persons;
(c) any money accruing to the Board in the course of the performance of its functions under this Instrument.
(2) The Board may, with the prior approval of the Minister
(2) The Board may, with the prior approval of the Minister
responsible for Finance, borrow from any banking institution, Corporation, local authority or other person such amounts as it may require for the discharge of its functions.
(3) All moneys received by or on behalf of the Corporation, shall be deposited to the credit of the Corporation in a bank approved by the Board.
8. (l) The Board shall in such form as the Auditor-General may Accounts,
approve, keep proper books of accounts and proper records in relation thereto.
(2) The financial year of the Board shall end on the 31st day of March in each year, and for the purposes of this paragraph the period extending from the commencement of this Instrument to the 31st March, 1972 shall be deemed to be a financial year.
9(3) The Managing Director shall prepare the budget estimates for any new financial year and present such estimates to the Board for its approval not later than two months before the end of the preceding financial year of the Board.
8.(l) Accounts prepared under paragraph 8 of this Instrument Audit. shall be submitted annually to the Auditor-General by the Board and the Auditor-General shall cause the accounts to be audited as required by article 135 of the Constitution.
(2)The Board shall, not later than the 31st day of July immediately succeeding the end of the previous financial year, forward to the Minister a report of its activities during the preceding financial year together with an audited statement of accounts in respect of that year.
(3) The Minister shall cause copies of the said report and audited statement, as soon as may be practicable upon receipt thereof, to be laid before Parliament.
9. The Minister may give general directions in writing to the Minister's Corporation on matters of policy and the Corporation shall be power of bound to comply With such directions. direction.
11. The Corporation shall be exempted from payment of such Exemption taxes and duties as the Minister responsible for Finance may in from taxes. writing direct.
12. The Board may subject to the prior approval of the Minister Bye-laws or make bye-laws or other instruments for the purpose of carrying other instruinto effect the provisions and principles of this Instrument and for ments. regulating any matter falling vyithin the scope of the functions of the Corporation.
In this Instrument, unless the context otherwise requires— Interpreta"Minister" means Minister responsible for Agriculture
Procedure to Follow
Not Avaiable
Responsible Institution
Ministry of Food and Agriculture
Kinbu Rd, Accra
- Email:
- Website: www.mofa.gov.gh
- GPS:
- Telephone: 021-662961, 663036, 662810
Relevant Forms to Download
Not Available
Online System
Link Unavailable
Fees/ charges
Not Avaiable
Loading. Please wait....