National Savings and Credit Bank Act, 1972 🇬🇭

Ghana

N.R.C.D. 38

National Savings and Credit Bank Act, 1972

Published in Government Gazette on 3 March 1972
Assented to on 29 February 1972
Commenced on 3 March 1972
[This is the version of this document from 3 March 1972.]

AN ACT to provide for the establishment of a National Savings and Credit Bank and related ttmatters.

Establishment of the Bank

1. Establishment of the National Savings and Credit Bank

(1)On the coming into force of this Act, the Ghana Savings Bank constituted under the Savings Bank Act, 1962 (Act 129) and existing immediately before the commencement of this Act shall, subject to this Act, continue to operate under the name of the National Savings and Credit Bank as a body corporate with perpetual succession and common seal, and may sue or be sued in its corporate name.

(2)The assets and liabilities of, and a property vested in the Ghana Savings Bank immediately before the coming into operation of this Act shall without further authority than this subsection vest in the Bank.

(3)A …

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