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                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">&nbsp;</span></p>
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                                              <b>
                                              <span style="font-family: Arial">
                                              GHANA/ISRAEL TRADE AND PAYMENTS 
                                              AGREEMENT ACT, 1959 </span></b>
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                                              <b>
                                              <span style="font-family: Arial">
                                              (NO. 62 OF 1959)</span></b></p>
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                                              <span style="font-family: Arial">&nbsp;</span></p>
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                                              <span style="font-family: Arial">
                                              ARRANGEMENT OF SECTIONS</span></p>
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                                              <span style="font-family: Arial">
                                              Section</span></p>
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                                              <span style="font-family: Arial">
                                              1. Short title.</span></p>
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                                              <span style="font-family: Arial">
                                              2. Interpretation.</span></p>
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                                              <span style="font-family: Arial">
                                              3. Bank to issue promissory notes.</span></p>
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                                              <span style="font-family: Arial">&nbsp;</span></p>
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                                              <span style="font-family: Arial">
                                              GHANA</span></p>
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                                               </p>
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                                              <span style="font-family: Arial">
                                              NO. 62 OF 1959.</span></p>
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                                              <span style="font-family: Arial">
                                              DATE OF ASSENT</span></p>
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                                              <span style="font-family: Arial">
                                              Assented to in Her Majesty's Name 
                                              and on Her Majesty's behalf this 
                                              21st day of November, 1959.</span></p>
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                                              <span style="font-family: Arial">
                                              LISTOWEL</span></p>
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                                              <span style="font-family: Arial">
                                              Governor-General.</span></p>
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                                              <span style="font-family: Arial">
                                              AN ACT to authorise the issue of 
                                              promissory notes under the 
                                              Ghana/Israel Trade and Payments 
                                              Agreement and to make other 
                                              provisions in connection 
                                              therewith.</span></p>
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                                              <span style="font-family: Arial">
                                              Date of Commencement. [25th 
                                              November, 1959.]</span></p>
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                                              <span style="font-family: Arial">
                                              BE IT ENACTED by the Queen's Most 
                                              Excellent Majesty, by and with the 
                                              advice and consent of the National 
                                              Assembly of Ghana in this present 
                                              Parliament assembled, and by the 
                                              authority of the same as follows:&#8212;</span></p>
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                                              <b>
                                              <span style="font-family: Arial">
                                              Section 1&#8212;Short Title.</span></b></p>
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                                              <span style="font-family: Arial">
                                              This Act may be cited as the 
                                              Ghana/Israel Trade and Payments 
                                              Agreement Act, 1959.</span></p>
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                                              <b>
                                              <span style="font-family: Arial">
                                              Section 2&#8212;Interpretation.</span></b></p>
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                                              <span style="font-family: Arial">
                                              In this Act&#8212;</span></p>
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                                              <span style="font-family: Arial">
                                              &quot;Agreement&quot; means the Ghana/Israel 
                                              Trade and Payments Agreement 
                                              signed on the fourth day of July, 
                                              1958;</span></p>
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                                              <span style="font-family: Arial">
                                              &quot;Bank&quot; means the Bank of Ghana;</span></p>
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                                              <span style="font-family: Arial">
                                              &quot;Minister&quot; means the Minister 
                                              responsible for finance.</span></p>
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                                              <b>
                                              <span style="font-family: Arial">
                                              Section 3&#8212;Bank to Issue Promissory 
                                              Notes.</span></b></p>
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                                              <span style="font-family: Arial">
                                              (1) It shall be lawful for the 
                                              Bank, on behalf of the Government 
                                              of Ghana and with the approval of 
                                              the Minister as required under the 
                                              Agreement, to issue promissory 
                                              notes from time to time in respect 
                                              of credits afforded to Ghana by 
                                              the Government of Israel under the 
                                              Agreement; and the Bank shall meet 
                                              the cost of the said notes as and 
                                              when they mature, out of monies 
                                              provided by Parliament for the 
                                              purpose.</span></p>
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                                              <span style="font-family: Arial">
                                              (2) Wherever the Bank shall have, 
                                              in respect of any such credit as 
                                              aforesaid, issued any promissory 
                                              notes under the Agreement before 
                                              the commencement of this Act, the 
                                              said issue shall be deemed to have 
                                              been made under the provisions of 
                                              this Act.</span></p>
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                                              <span style="font-family: Arial">
                                              This printed impression has been 
                                              carefully compared by me with the 
                                              Bill which has passed the National 
                                              Assembly, and found by me to be a 
                                              true and correctly printed copy of 
                                              the said Bill.</span></p>
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                                              <span style="font-family: Arial">
                                              K. B. AYENSU</span></p>
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                                              <span style="font-family: Arial">
                                              Clerk of the National Assembly.</span></p>
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                                              <span style="font-family: Arial">&nbsp;</span></p>
                                              <p class="MsoNormal" style="text-align: justify">&nbsp;</p>
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                                              <span style="font-family: Arial">&nbsp;</span></p>
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