Transfer of Assets (Gihoc Sugar Estates) Act, 1973 🇬🇭

Ghana

N.R.C.D. 169

Transfer of Assets (Gihoc Sugar Estates) Act, 1973

Published in Government Gazette on 30 March 1973
Assented to on 24 March 1973
Commenced on 30 March 1973
[This is the version of this document from 30 March 1973.]

AN ACT to provide for the transfer of certain assets and for related matters.

WHEREAS in furtherance of the general economic policy of the National Redemption Council of promoting self-reliance, the Government is desirous of rehabilitating the sugar industry in Ghana, and has accordingly requested the International Development Association for assistance in financing the rehabilitation of the sugar estates and factories at Komenda and Asutuare respectively;AND WHEARES for this purpose a company known as the Ghana Sugar Estates Limited has been established to take over all the assets and current liabilities (excluding overdraft) of the Ghana Industrial Holding Corporation relating to the said sugar estates and factories at Komenda and Asutuare respectively.

1. Assets and…

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