Finance Lease Act, 1993 🇬🇭

Ghana 1 Citing Cases

P.N.D.C.L. 331

Finance Lease Act, 1993

Published in Government Gazette on 18 June 1993
Assented to on 5 January 1993
Commenced on 5 January 1993
[This is the version of this document from 18 June 1993.]

AN ACT to provide for finance lease agreements, the rights of the parties and for related matters.

Finance Lease Agreement

1. Requirement for finance lease agreement

(1)An acquisition of assets under this Act shall be made by a finance lease agreement between the lessor and the lessee in accordance with this Act.

(2)Where the asset is to be acquired by the lessor before the finance lease agreement is finally made, the prospective lessor and lessee shall enter into a written agreement which shall cover

(a)a statement to the effect that the parties have agreed to enter into a finance lease agreement,

(b)a description of the asset to be acquired under the lease, the estimated price of the asset and the total lease rentals payable by the prospective lessee,

(c)a statement that the asset is being acquir…

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