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IN exercise of the powers
conferred on the Commissioner
responsible for Finance by
sections 23 and 26 of the Currency
Act, 1964 (Act 242) these
Regulations are made this 4th day
of October, 1974.
Regulation 1—Importation of Ghana
Currency Notes.
(1) Any traveller may import, on
his person or in the baggage which
belongs to and accompanies him,
Ghana currency notes of a total
value not exceeding ¢20.00 if the
amount is declared and endorsement
made in passport or special Bank
of Ghana Form held by the
traveller at the time of
disembarkation in Ghana.
(2) No person shall import Ghana
currency notes of a total value
exceeding ¢20.00.
Regulation 2—Exportation of Ghana
Currency Notes.
(1) Any traveller may export, on
his person or in the baggage which
belongs to and accompanies him,
Ghana currency notes of a total
value not exceeding ¢20.00 if the
amount is declared and endorsement
made in the passport or special
Bank of Ghana Form held by the
traveller at the time of
embarkation in Ghana.
(2) No person shall export Ghana
currency notes of a total value
exceeding ¢20.00 unless the Bank
of Ghana has consented to their
export.
Regulation 3 — Importation of
C.F.A Francs.
C.F.A. francs may be imported into
Ghana provided that the person who
imports them declares them at the
port of disembarkation and
exchanges them for Ghana currency
notes only through the Bank of
Ghana or an authorised dealer.
Regulation 4 — Exportation of
Currency Notes.
(1) Any traveller may export, on
his person or in the baggage which
belongs to and accompanies him,
external currency notes of a total
value not exceeding ¢100.00, and
of a value not exceeding ¢20.00 in
the case of any one currency:
Provided that a traveller who is
not a Ghana resident may export,
on his person or in the baggage
which belongs to and accompanies
him, external currency notes or
external currency drafts which
were previously imported by him.
(2) For the purposes of this
regulation
(a) the value of external currency
notes shall be calculated at the
rate at which they could be sold
by an authorised dealer at the
time in question;
(b) "traveller" shall not include
a person employed on any ship,
aircraft or vehicle leaving Ghana.
Regulation 5 — Interpretation.
In these Regulations, "currency",
"external currency", and "external
currency draft" have the meanings
respectively assigned to them by
section 37 of the Exchange Control
Act, 1961 (Act 71).
Regulation 6 — Revocation.
The following instruments are
hereby revoked:—
Currency (Prohibition of
Exportation of Notes) Instrument,
1964 (L.I. 374).
Currency (Conditions of
Importation and Exportation of
Currency Notes) Instrument, 1965 (L.I.
486).
COLONEL I.K. ACHEAMPONG
Commissioner Responsible for
Finance
Date of Gazette Notification: 11th
October, 1974.
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