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LICENSED BUYING AGENTS CONTROL
DECREE, 1972 (NRCD 56)
ARRANGEMENT OF SECTIONS
Section
1. Moneys Due from Buying Agents
to be Paid within Three Months.
2. Forfeiture of Assets upon
Non-payment and Imprisonment where
Assets are Insufficient.
3. N.R.C. to Give Directives.
IN pursuance of the provisions of
the National Redemption Council
(Establishment) Proclamation this
Decree is hereby made:—
Section 1—Moneys Due from Buying
Agents to be Paid within Three
Months.
All moneys due from every licensed
buying agent of the Ghana Cocoa
Marketing Board to any cocoa
farmer immediately before the
commencement of this Decree in
respect of any cocoa purchased
from such farmer shall be paid to
the farmer within three months
after the commencement of this
Decree or such longer period as
the National Redemption Council
may in exceptional cases direct.
Section 2—Forfeiture of Assets
upon Non-payment and Imprisonment
where Assets are Insufficient.
(1) Where any licensed buying
agent fails to comply with section
1 of this Decree there shall be
forfeited to the Republic assets
belonging to the licensed buying
agent and to the value of the
extent of his indebtedness and the
National Redemption Council shall
take such steps as it may think
necessary to ensure that the
farmer is duly paid.
(2) Where the assets of any
licensed buying agent are
insufficient to meet any debt
required to be paid under section
1, that agent may, in addition to
the forfeiture of his assets, be
imprisoned for such period not
exceeding ten years as the
National Redemption Council may by
writing determine.
(3) Where the licensed buying
agent is a body of persons,
subsections (1) and (2) of this
section shall unless the National
Redemption Council otherwise
directs apply to every director,
partner, Secretary or similar
officer of that body in respect of
the indebtedness of the agent.
Section 3—N.R.C. to Give
Directives.
(1) The National Redemption
Council may by writing give any
directions that may appear to it
necessary for giving full effect
to the provisions of this Decree
and such directions shall have
effect notwithstanding any law to
the contrary.
(2) Without prejudice to the
generality of subsection (1) of
this section the National
Redemption Council may give
directions under that subsection:—
(a) for determining who is the
owner of any asset for the
purposes of this Decree, and
(b) for determining any matter
about which any doubt exists.
(3) Any person who without
reasonable excuse proof of which
shall be on him fails to comply
with any direction given under
this section shall be guilty of an
offence and liable on summary
conviction to a term of
imprisonment not exceeding five
years.
Made this 29th day of March, 1972.
COLONEL I. K. ACHEAMPONG
Chairman of the National
Redemption Council
Date of Gazette Notification: 13th
April, 1972.
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