GHANA NATIONAL TRADING CORPORATION, (AMENDMENT) INSTRUMENT, 1986 (LI 1323).

The Ghana National Trading Corporation Instrument, 1965 (L.I. 395) is hereby amended as follows— (a) by the substitution for paragraphs 2, 3 and 4 of Part IV thereof of the following new paragraphs— “2. The Board shall consist of— (a) the person appointed the Executive Chairman; (b) the two persons appointed Deputy Executive Chairmen; and (c) eight other persons who shall be appointed by the Provisional National Defence Council. 3. The Executive Chairman shall be the Chairman of the Board and where there is no Executive Chairman, such person as may be appointed by the Provisional National Defence Council. 4. The members of the Board, other than the Executive Chairman and the two Deputy Executive Chairmen, shall hold office for a term of one year so however that any member may at any time, by writing addressed to the Provisional National Defence Council through the Secretary resign his office or, be removed from office by the Provisional National Defence Council.” (b) by the substitution for paragraph 4 of Part V thereof of the following new paragraph— “4. The quorum of the Board shall be seven.” (c) by the substitution for paragraphs 2, 3 and 4 of Part VI thereof of the following new paragraphs— “2. The Corporation shall have an Executive Chairman who shall also act as the Managing Director. 3. The Executive Chairman and the two Deputy Executive Chairmen shall be appointed by the Provisional National Defence Council and shall hold office upon such terms and conditions as the Provisional National Defence Council may determine. 4. The Executive Chairman shall, subject to the provisions of this Instrument, be responsible to the Board for the day to day administration of the Corporation.” (d) by the substitution for the words “Minister” means the Minister responsible for Trade” appearing in Part IV thereof of the words “ ‘Secretary’ means the P.N.D.C. Secretary responsible for Trade.”