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MINING OPERATIONS (GOVERNMENT
PARTICIPATION) (REPEAL) ACT, 1993
(ACT 465)
ARRANGEMENT OF SECTIONS
Section
1. Repeal of N.R.C.D. 132 as
Amended.
2. Saving of Operations of A.G.C.
Ltd. and G.C.D. under Act 179.
THE FOUR HUNDRED AND SIXTY-FIFTH
ACT OF THE PARLIAMENT OF THE
REPUBLIC OF GHANA
ENTITLED
THE MINING OPERATIONS (GOVERNMENT
PARTICIPATION) (REPEAL) ACT, 1993
AN ACT to repeal the Mining
Operations (Government
Participation) Decree, 1972 (N.R.C.D.
132) as amended and to make
provision for the continued
operation of Ashanti Goldfields
Corporation (Ghana) Ltd. and Ghana
Consolidated Diamond Ltd. under
the Companies Code, 1963 (Act 179)
and for connected matters.
DATE OF ASSENT: 30th December,
1993
BE IT ENACTED by Parliament as
follows—
Section 1—Repeal of N.R.C.D. 132
as Amended.
The following enactments are by
this Act repealed—
Mining Operations (Government
Participation) Decree, 1972 (N.R.C.D.
132);
Mining Operations (Government
Participation) (Amendment) Decree,
1973 (N.R.C.D. 151); and
Mining Operations (Government
Participation) (Amendment) Decree,
1973 (N.R.C.D. 206).
Section 2—Saving of Operations of
A.G.C. Ltd. and G.C.D. under Act
179.
(1) Notwithstanding the repeal
under section 1 of this Act, the
Ashanti Goldfields Corporation
(Ghana) Limited "AGC (Ghana)" and
the Ghana Consolidated Diamonds
Limited "GCD" established under
the Mining Operations (Government
Participation) Decree, 1972 (N.R.C.D.
132), shall subject to subsection
(2) of this section, continue to
exist as companies incorporated
under the Companies Code, 1963
(Act 179) and accordingly all the
provisions of the Code shall
continue to apply to the two
companies.
(2) Notwithstanding the repeal
under section 1 of this Act any
rights acquired or held by any
person and any obligations
subsisting against any person by
virtue of the Decree immediately
before the coming into force of
this Act shall continue to be so
held and subsist until altered in
accordance with law.
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