The Loans Act, 1970 🇬🇭

Ghana Repealed: 2016-08-26 4 Citing Cases

Repeal Notice

This legislation was repealed on 2016-08-26 by Public Financial Management Act, 2016

Republic of Ghana

The three hundred and thirty-fifth

Act

of the parliament of the republic of ghana

entitled

The Loans Act, 1970

Published by Government Gazette on 3 July 1970
Assented to on 3 July 1970
Commencement date unknown

[Repealed on 26 August 2016 by Public Financial Management Act, 2016 (Act 921 of 2016)]

AN ACT to make provision for the raising of loans by the Government and for other purposes connected therewith.

WHEREAS clauses (3) and (4) of article 133 of the Constitution provide that no loan shall be raised by the Government on behalf of itself or any other public institution or authority otherwise than by or under the authority of an Act of Parliament and prescribe certain provisions which shall be incorporated in such Act of Parliament :Now THEREFORE BE IT ENACTED by the Presidential Commission and the National Assembly in this present Parliament assembled as follows:

Part I – LOCAL LOANS

1. Raising of loans in Ghana

(1)The Government may, subject to the provisions of this Act ra…

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