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STATE FISHING CORPORATION AND
GHANA COLD STORES LIMITED (MERGER)
DECREE, 1974 (NRCD 304)
ARRANGEMENT OF SECTIONS
Section
1. Ghana Cold Stores Ltd.
Dissolved.
2. Employees of Cold Stores
Transferred to State Fishing
Corporation.
3. Payment of Compensation in
Respect of Shares in Cold Stores.
4. Amendment of State Fishing
Corporation Instrument.
5. Commencement.
IN pursuance of the provisions of
the National Redemption Council
(Establishment) Proclamation,
1972, this Decree is hereby made:
Section 1—Ghana Cold Stores Ltd.
Dissolved.
The Company known as the "Ghana
Cold Stores Limited" is hereby
dissolved and all its rights,
assets, liabilities and
obligations are hereby transferred
to the State Fishing Corporation.
Section 2—Employees of Cold Stores
Transferred to State Fishing
Corporation.
All persons employed by the Ghana
Cold Stores Limited immediately
before the commencement of this
Decree shall be transferred to the
employment of the State Fishing
Corporation:
Provided that such employees when
transferred under this section
shall enjoy terms and conditions
of service which are not less
favourable than those applicable
to them immediately before the
transfer.
Section 3—Payment of Compensation
in Respect of Shares in Cold
Stores.
The Commissioner responsible for
Finance shall pay such
compensation as appears to him to
be fair and reasonable to any
person other than the Government
or the State Fishing Corporation
who owned any shares in the Ghana
Cold Stores immediately prior to
the commencement of this Decree in
respect of such shares.
Section 4—Amendment of State
Fishing Corporation Instrument.
The State Fishing Corporation
Instrument, 1965 (LI 397) is
hereby amended as follows:—
(a) by the substitution for Part
II thereof of the following new
Part:—
"II—OBJECTS OF CORPORATION"
The objects of the Corporation
are—
(i)
to develop and manage a fishing
fleet and produce fish for home
consumption and export;
(ii) to buy and sell fishing
vessels, spotting aircraft,
equipment and gear;
(iii) to manage directly or
indirectly the fishing fleet;
(iv) to construct buildings and
plant for storing, freezing,
canning and processing fish;
(v) to carry on business of
building, maintaining, operating
and running Cold Stores in Ghana
and packing and storing of all
kinds of foodstuffs and other
products whether frozen,
refrigerated or not, accepting
such products for hard-freezing or
chilling or storage for the
Corporation and for others and
generally dealing in such
products;
(vi) to buy, distribute and sell
fish, meat and any allied products
thereof; and
(vii) to carry on such other
activities as are conducive or
incidental to the attainment of
all or any of these objects";
(b) by the substitution for the
words "seven other members"
appearing in paragraph 2(b) of
Part IV thereof of the words
"eight other members";
(c) by the insertion immediately
after paragraph 4 of Part VI
thereof of the following new
paragraph:—
"5. (1) The Corporation shall have
two officers to be designated
respectively as Deputy Managing
Director (Operations) and Deputy
Managing Director (Administration
and Services).
(2) Subject to the functions of
the Board and to the control of
the Managing Director—
(a) the Deputy Managing Director
(Operations) shall be responsible
for the management of the Cold
Stores of the Corporation and also
responsible for the marketing
operations of the Corporation; and
(b) the Deputy Managing Director
(Administration and Services)
shall be responsible for the
financial control, procurement and
stores and also for legal advisory
services, medical services and
personnel management of the
Corporation.
(3) A Deputy Managing Director
shall be appointed by the
Commissioner with the prior
approval of the National
Redemption Council and shall hold
and vacate office upon such terms
and conditions as the said Council
may approve."
Section 5—Commencement.
This Decree shall be deemed to
have come into force on the 15th
day of November, 1974.
Made this 5th day of November,
1974.
COLONEL I. K. ACHEAMPONG
Chairman of the National
Redemption Council
Date of Gazette Notification: 13th
December, 1974.
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