
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              IN exercise of the powers 
                                              conferred on the Commissioner 
                                              responsible for Finance by 
                                              subsection (1) of section 6 of the 
                                              Mining Operations (Government 
                                              Participation) Decree, 1972 (N.R.C.D. 
                                              132), this Instrument is made this 
                                              25th day of February, 1974.</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              Section 1—Rate of Royalty to be 
                                              Paid.</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              (1) The Ashanti Goldfields (Ghana) 
                                              Corporation Limited and the Ghana 
                                              Consolidated Diamonds Limited 
                                              shall each, in respect of every 
                                              year, pay a royalty to the 
                                              Government of Ghana at the rate of 
                                              six per centum of the market value 
                                              of all minerals produced by them 
                                              during that year.</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              (2) The royalty prescribed by 
                                              subparagraph (1) of this paragraph 
                                              shall be paid to the Controller 
                                              and Accountant-General by each of 
                                              the companies referred to in the 
                                              said subparagraph not later than 
                                              the 31st day of March in the year 
                                              following the year to which the 
                                              royalty relates.</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              (3) For the purposes of this 
                                              paragraph—</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              (a) the period from the 1st day of 
                                              October, 1972 to the 31st day of 
                                              December, 1972 shall be deemed to 
                                              be a year; and</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              (b) in the case of the royalty for 
                                              the period from the 1st day of 
                                              October, 1972 to the 31st day of 
                                              December, 1973, such royalty shall 
                                              be paid to the Controller and 
                                              Accountant-General not later than 
                                              a date three months from the date 
                                              of publication of this Decree in 
                                              the Gazette.</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              Section 2—Commencement.</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              This Instrument shall be deemed to 
                                              have come into force on the 1st 
                                              day of October, 
                                              1972.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
                                              </span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              COLONEL I. K. ACHEAMPONG</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              Chairman of the National 
                                              Redemption Council and</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              Commissioner for Finance and 
                                              Economic Planning.</span></p>