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NON-PERFORMING ASSETS RECOVERY
TRIBUNAL (ADAPTATION TO
CONSTITUTION) INSTRUMENT, 1993 (CI
3)
ARRANGEMENT OF SECTIONS
Section
1. P.N.D.C.L. 242 Adapted to
Constitution.
2. Repeal.
IN exercise of the powers
conferred on the President by
section 30 of the Transitional
Provisions of the Constitution
this Instrument is made this 28th
day of October, 1993.
Section 1—P.N.D.C.L. 242 Adapted
to Constitution.
The Non-Performing Assets (Loans,
Investments) Recovery Law 1990 (P.N.D.C.L.
242) is adapted to the
Constitution—
(a) by the substitution for
subsection (1) of section 17 of
the following—
17— “Jurisdiction and Powers of
Tribunal.
(1) The Tribunal shall have
original exclusive jurisdiction to
hear and determine all matters
arising under this Law or relating
to any non-performing asset
transferred to the Trust under
this Law.”
(b) by the substitution for
subsection (1) of section 18 of
the following—
18—“Judgment of Tribunal and
Execution of Judgment.
(1) Subject to the supervisory
jurisdiction of the Supreme Court,
a judgment or order of the
Tribunal on any matter before it
shall be final.”
Section 2—Repeal.
Subsection (4) of section 18 of
the Non-Performing Assets (Loans,
Investments) Recovery Law, 1990 (P.N.D.C.L.
242) is repealed.
J. J. RAWLINGS
President of the Republic of Ghana
Date of Gazette Notification: 5th
November, 1993. |
