Long-Term Savings Scheme Act, 2004 🇬🇭

Ghana Repealed: 2008-12-12 1 Citing Cases

Repeal Notice

This legislation was repealed on 2008-12-12 by National Pensions Act, 2008

Republic of Ghana

The six hundred and seventy-ninth

Act

of the parliament of the republic of ghana

entitled

Long-Term Savings Scheme Act, 2004

Published by Government Gazette on 12 November 2004
Assented to on 11 November 2004
Commenced on 12 November 2004

[Repealed on 12 December 2008 by National Pensions Act, 2008 (Act 766 of 2008)]

AN ACT to establish a Long-Term Savings Scheme; to provide the general framework for the operation and regulation of the Scheme, and to provide for related matters.BE IT ENACTED by Parliament as follows:

Part I - LONG-TERM SAVINGS SCHEME AND LONG-TERM SAVINGS AGENCY

1. Establishment of Scheme

There is established by this Act a Long-Term Savings Scheme referred to in this Act as the “Scheme”.

2. Object of the Scheme

The object of the Scheme is to provide for the operation of tax-incentive-based voluntary savings plans, which shall provide for anyone or more of the following:

(a)retirement savings;

(b)savings for home ownership and educational needs;

(c)savings for an all …

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