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. Appointment of Commission</span></p>
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                                              <span style="font-family: Arial">
                                              2. Terms of Reference</span></p>
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                                              <span style="font-family: Arial">
                                              3. Mode of Operation of Commission</span></p>
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                                              <span style="font-family: Arial">
                                              4. Secretary</span></p>
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                                              <span style="font-family: Arial">
                                              5. Appearance of Counsel</span></p>
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                                              <span style="font-family: Arial">
                                              6. Privileges and Immunities of 
                                              Witnesses and Counsel</span></p>
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                                              <span style="font-family: Arial">
                                              7. Expenses in relation to 
                                              Commission</span></p>
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                                              <span style="font-family: Arial">
                                              8. Public Officers to Assist 
                                              Commission</span></p>
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                                              <span style="font-family: Arial">
                                              SCHEDULE</span></p>
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                                              <span style="font-family: Arial">
                                              Schedule</span></p>
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                                              <span style="font-family: Arial">
                                              WHEREAS the President is satisfied 
                                              that there should be appointed a 
                                              Commission of Inquiry into the 
                                              procedure and criteria used by 
                                              certain specified State Banks for 
                                              the granting of loans and other 
                                              facilities to their directors, 
                                              employees and their relatives and 
                                              other matters connected therewith.</span></p>
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                                              <span style="font-family: Arial">
                                              NOW THEREFORE in exercise of the 
                                              powers conferred on the President 
                                              by clause (1) of article 196 of 
                                              the Constitution, this Instrument 
                                              is made this 20th day of December, 
                                              1979.</span></p>
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                                              <span style="font-family: Arial">
                                              Section 1—Appointment of 
                                              Commission.</span></p>
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                                              <span style="font-family: Arial">
                                              (1) There is&nbsp; hereby appointed&nbsp; a 
                                              Commission of Inquiry consisting 
                                              of the following persons:— </span>
                                              </p>
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                                              <span style="font-family: Arial">
                                              Mr. Justice Azu Crabbe,</span></p>
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                                              <span style="font-family: Arial">
                                              Mr. B. A. Yankson,</span></p>
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                                              <span style="font-family: Arial">
                                              Dr. M. N. B. Ayiku, and</span></p>
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                                              <span style="font-family: Arial">
                                              Mr. A. M. Naumann.</span></p>
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                                              <span style="font-family: Arial">
                                              (2)&nbsp; The said Mr. Justice Azu 
                                              Crabbe shall be Chairman of the 
                                              Commission.</span></p>
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                                              <span style="font-family: Arial">
                                              Section 2—Terms of Reference.</span></p>
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                                              <span style="font-family: Arial">
                                              The terms of reference of the 
                                              Commission shall be</span></p>
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                                              <span style="font-family: Arial">
                                              (a) to inquire into, investigate 
                                              and ascertain the procedure and 
                                              criteria used by each of the 
                                              financial institutions listed in 
                                              the Schedule to this Instrument, 
                                              for granting loans and other 
                                              facilities to their directors, 
                                              employees and their relatives;</span></p>
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                                              <span style="font-family: Arial">
                                              (b) to ascertain and report on any 
                                              irregularities that might have 
                                              occurred with respect to the 
                                              granting of such loans and 
                                              facilities;</span></p>
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                                              <span style="font-family: Arial">
                                              (c) to investigate the assets and 
                                              business interests of the senior 
                                              employees of each of the financial 
                                              institutions;</span></p>
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                                              <span style="font-family: Arial">
                                              (d) to investigate the assets and 
                                              business interests of other 
                                              employees of the financial 
                                              institutions whose assets and 
                                              business interests the Commission 
                                              may think fit to so investigate;</span></p>
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                                              <span style="font-family: Arial">
                                              (e) to investigate and report on 
                                              the administration and operation 
                                              of the said financial 
                                              institutions;</span></p>
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                                              <span style="font-family: Arial">
                                              (f) to investigate any other 
                                              matter which appears to the 
                                              Commission to be reasonably 
                                              related to the foregoing and 
                                              which, in the opinion of the 
                                              Commission, ought to be 
                                              investigated; and</span></p>
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                                              <span style="font-family: Arial">
                                              (g) to submit its report to the 
                                              President giving reasons&nbsp; for its 
                                              findings and making such 
                                              recommendations, including 
                                              recommendations for administrative 
                                              or legal action in respect of each 
                                              irregularity so discovered, as it 
                                              may consider necessary.</span></p>
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                                              <span style="font-family: Arial">
                                              Section 3— Mode of Operation of&nbsp; 
                                              Commission</span></p>
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                                              <span style="font-family: Arial">
                                              The Commission shall carry out its 
                                              inquiry in accordance with the 
                                              provisions of articles 197, 198 
                                              and 199 of the Constitution.</span></p>
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                                              <span style="font-family: Arial">
                                              Section 4—Secretary</span></p>
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                                              <span style="font-family: Arial">
                                              Dr. Victor Narh of the Ministry of 
                                              Finance and Economic Planning 
                                              shall be Secretary to the 
                                              Commission and shall perform such 
                                              administrative functions relating 
                                              to the work of the Commission as 
                                              the Commission may prescribe.</span></p>
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                                              <span style="font-family: Arial">
                                              Section 5—Appearance of Counsel.</span></p>
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                                              <span style="font-family: Arial">
                                              (1) Any person whose conduct is 
                                              the subject of inquiry by the 
                                              commission or who is in any way 
                                              implicated or concerned in any 
                                              matter under investigation by the 
                                              Commission shall be entitled to be 
                                              represented by counsel at the 
                                              inquiry.</span></p>
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                                              <span style="font-family: Arial">
                                              (2) Any other person who may 
                                              consider it desirable that he 
                                              should be represented by counsel 
                                              may be allowed by the Commission 
                                              to be so represented.</span></p>
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                                              <span style="font-family: Arial">
                                              Section 6—Privileges and 
                                              Immunities of Witnesses and 
                                              Counsel.</span></p>
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                                              <span style="font-family: Arial">A 
                                              witness or counsel appearing 
                                              before the Commission shall be 
                                              entitled to the same privileges 
                                              and immunities as a witness or 
                                              counsel appearing before the High 
                                              Court.</span></p>
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                                              <span style="font-family: Arial">
                                              Section 7—Expenses in relation to 
                                              Commission</span></p>
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                                              <span style="font-family: Arial">
                                              (1) Any witness summoned by the 
                                              Commission shall be entitled to 
                                              such allowances as are payable to 
                                              a witness summoned by the High 
                                              Court in a criminal trial.</span></p>
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                                              <span style="font-family: Arial">
                                              (2) The Chairman and other members 
                                              of the Commission and any persons 
                                              employed in relation with the 
                                              functions of the Commission may be 
                                              paid such travelling, sitting and 
                                              other allowances, if any, as the 
                                              President may approve on the 
                                              recommendations of the Minister 
                                              responsible for Finance.</span></p>
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                                              <span style="font-family: Arial">
                                              Section 8—Public Officers to 
                                              Assist Commission. </span></p>
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                                              <span style="font-family: Arial">
                                              (1)&nbsp; The Attorney-General shall 
                                              appoint counsel for the 
                                              commission.</span></p>
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                                              <span style="font-family: Arial">
                                              (2)&nbsp; The inspector-General of 
                                              Police shall detail officers to 
                                              attend upon the Common to serve 
                                              summonses on witnesses and to 
                                              perform such other functions 
                                              relating to the Commission as the 
                                              commissioners may direct.</span></p>
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                                              <span style="font-family: Arial">
                                              SCHEDULE</span></p>
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                                              <span style="font-family: Arial">
                                              1. Ghana Commercial Bank</span></p>
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                                              <span style="font-family: Arial">
                                              2. Agricultural Development Bank</span></p>
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                                              <span style="font-family: Arial">
                                              3. National Investment Bank</span></p>
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                                              <span style="font-family: Arial">
                                              4. Social Security Bank</span></p>
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                                              <span style="font-family: Arial">
                                              5. Bank for Housing and 
                                              Construction </span></p>
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                                              <span style="font-family: Arial">
                                              6. Ghana Co-operative Bank</span></p>
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                                              <span style="font-family: Arial">
                                              7. National Savings and Credit 
                                              Bank.</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              DR. HILLA LIMANN </span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              President</span></p>
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                                              <span style="font-family: Arial">
                                              Date of Gazette Notification: 21st 
                                              December, 1979.</span>