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IN exercise of the powers
conferred on the Provisional
National Defence Council Secretary
responsible for Finance and
Economic Planning by section 36 of
the Investment Code, 1985 (P.N.D.C.L.
116) these Regulations are made
this 24th day of October, 1990.
Regulation 1—L.I. 1498 Amended.
The Investment Code (Benefits to
Existing Enterprises Regulations,
1990 (L. I. 1498) is amended by
the substitution for regulation 1
thereof of the following new
regulation—
"1. Existing Enterprises to
Benefit.
Any enterprise registered in Ghana
before the commencement of this
Instrument which undertakes
re-investment using profits from
the enterprise or loans or any
other source of finance for the
purpose of expanding or
rehabilitating such enterprises
shall qualify for the appropriate
incentives and benefits specified
in the Schedule to these
Regulations."
Regulation 2—Commencement.
These Regulations shall be deemed
to have come into force on the 1st
day of January, 1988.
DR. KWESI BOTCHWAY
P.N.D.C. Secretary for Finance and
Economic Planning
Date of Gazette Notification: 23rd
November, 1990.
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