GHANA INFRASTRUCTURE INVESTMENT FUND ACT, 2014 (ACT 877)

(1) There is established by this Act a fund to be known as the Ghana Infrastructure Investment Fund. (2) The Fund is a body corporate with perpetual succession and a common seal, may sue and be sued and have in all respects the powers of a body corporate.

(1) The object of the Fund is to mobilise, manage, coordinate and provide financial resources for investment in a diversified portfolio of infrastructure projects in Ghana for national development. (2) For the purposes of achieving the object of the Fund, the Fund shall engage in activities determined by the Board, including (a) undertaking investments for the development of infrastructure to promote economic growth and attract investments; (b) the management and investment of contributions made to the Fund; (c) reinvesting into the Fund to generate returns, the profits and proceeds from investment of moneys of the Fund; (d) ensuring in respect to its investment, the development of skills in infrastructure development, including project design, project management, financing and investment, t consistent with the object of the Fund; (e) leveraging the capital of the Fund by attracting investments through the domestic and international capital and financial markets; (f) pursuing the best possible financial returns on investments having regard to internationally recognised best practices for (i) asset allocation and risk management, (ii) protecting, in the long term, the economic value of the capital and assets of the Fund; and (iii) the cost of capital of the Fund and other incidental costs related to the Fund; (g) the provision of debt and equity financing; (h) the provision of risk mitigation instruments; (i) the management of assets entrusted to it; and (j) any other activity determined by the Board to achieve the object of the Fund.