GHANA TIMBER MARKETING BOARD (RECOVERY OF LOANS) ACT, 1968

The body known immediately before the publication of this Act in the Gazette as the Ghana Timber Marketing Board shall, with effect from the commencement of this Act, and despite anything to the contrary, be deemed in law to have been a duly incorporated statutory corporation with power to sue and be sued and with power also to enter into a transaction that appears to that body to be expedient for promoting the development of the timber industry and trade in the Republic.

The Ghana Timber Marketing Board shall have the right to recover from a person to whom a loan has been granted by that Board or by the body known as the Ghana Timber Co-operative Union, the moneys due in respect of the loan, and also to enforce any other financial obligation incurred by a person in respect of the loan, whether the obligation is incurred to the Board or not, including a mortgage pledge, bill of sale, debenture or any other security.