Ghanaian Enterprises Development Act, 1975 (N.R.C.D. 330)
Section 3B (1): The capital or any other proprietary interest, in a specified enterprise which has not been duly
transferred to a citizen by the 1st day of July, 1976 shall, on that date vest in the Commission.
(2) The Commission
(a) may take over and manage a specified enterprise to which subsection (1) applies until the
whole of the capital or the other proprietary interest in the specified enterprise has been
transferred to that citizen, and
(b) shall take the reasonable steps that would ensure the orderly transfer of the capital or interest
to the citizen and the due payment by the citizen to the owners of the capital or interest of the
appropriate price fixed in relation to the capital.11(11)
(3) The Commission may defray from the assets of the enterprise the reasonable costs incurred by it
under subsection (2).
(4) Neither the Commission nor an agent of the Commission is liable to a person in respect of an act
done by it or that person in good faith for the purpose of subsection (2).
(5) Where twelve months after the capital or the other proprietary interest in a specified enterprise has
vested in the Commission under subsection (1), the Commission has, after reasonable efforts to that end,
not been able to dispose of the capital or the other proprietary interest to a citizen, the Board shall dispose
of it in the manner that it considers reasonable and shall, after negotiation with the owner of the specified
enterprise, pay in respect of the capital or proprietary interest the compensation determined by the
Board.12(12)
Procedure to Follow
Not Avaiable
Responsible Institution
Ministry of Trade, Agribusiness and Industry
Ministries
- Email: info@moti.gov.gh
- Website: www.moti.gov.gh
- GPS: GA-144-0150
- Telephone: 0500073887
Relevant Forms to Download
Not Available
Online System
Link Unavailable
Fees/ charges
Not Avaiable
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