
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">.</span></p>

                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              IN exercise of the powers 
                                              conferred on the President by 
                                              sections 1, 2 and 4 of the 
                                              Statutory Corporations Act, 1964 
                                              (Act 232), this Instrument is made 
                                              this 27th day of February, 1971.</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              PART I&#8212;ESTABLISHMENT OF GHANA FILM 
                                              INDUSTRY CORPORATION</span></p>
                                              <p class="MsoNormal" style="text-align: justify">

                                              <span style="font-family: Arial">
                                              Section 1&#8212;Establishment of 
                                              Corporation.</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              There is hereby established a body 
                                              corporate to be known as the Ghana 
                                              Film Industry Corporation in this 
                                              Instrument referred to as &quot;the 
                                              Corporation&quot;. </span></p>
                                              <p class="MsoNormal" style="text-align: justify">

                                              <span style="font-family: Arial">
                                              Section 2&#8212;Compulsory Acquisition 
                                              of Property for Corporation where 
                                              there is Hindrance.</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              Where there is any hindrance to 
                                              the acquisition by the Corporation 
                                              of any property, the property may 
                                              be acquired for the Corporation 
                                              under the State Property and 
                                              Contracts Act, 1960 (C.A. 6) or as 
                                              the case may be, under the State 
                                              Lands Act, 1962 (Act 125), and 
                                              each such Act shall, as the case 
                                              may be, apply in relation to any 
                                              such acquisition with such 
                                              modifications as may be necessary 
                                              to provide for the vesting of the 
                                              property acquired thereunder in 
                                              the Corporation and for the cost 
                                              of such acquisition to be defrayed 
                                              by the Corporation.</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">

                                              PART II&#8212;OBJECTS OF THE CORPORATION</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              Section 3&#8212;Objects.</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              (1) The objects of the Corporation 
                                              are&#8212;</span></p>

                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              (a) to produce news-reels, 
                                              documentary films, feature films, 
                                              commercial films, television films 
                                              and other films;</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              (b) to undertake the distribution 
                                              and exhibition of films whether 
                                              produced in Ghana or outside 
                                              Ghana; and</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">

                                              (c)&nbsp; to carry on such other 
                                              activities as are conducive or 
                                              incidental to the attainment of 
                                              its objects under this Instrument.</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              Section 4&#8212;Corporation to ensure 
                                              Reasonable Return on Its Capital.</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">

                                              (1) It shall be the duty of the 
                                              Corporation to conduct its affairs 
                                              in such a manner as to ensure a 
                                              reasonable return on its capital.</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              (2) In determining what 
                                              constitutes a reasonable return, 
                                              all pertinent economic and 
                                              financial considerations shall be 
                                              taken into account, including but 
                                              not limited to the need for net 
                                              operating income in an amount 
                                              sufficient:&#8212;</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              (a) to meet interest payments on 
                                              borrowing;</span></p>

                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              (b) to provide for repayments to 
                                              be made each year in respect of 
                                              loans incurred by the Corporation 
                                              to the extent that such repayments 
                                              exceed the year's provision for 
                                              depreciation charged to revenue 
                                              account;</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              (c) to provide a reasonable 
                                              proportion of the funds needed for 
                                              expanding the Corporation's 
                                              activities and improving its 
                                              working;</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">

                                              (d) to provide reserves for 
                                              replacement, expansion or other 
                                              purposes if and to the extent that 
                                              the Board deems it necessary to 
                                              establish such reserves, and</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              (e) to make such reasonable 
                                              payments to the Consolidated Fund 
                                              from time to time as may be 
                                              determined under paragraph 18 of 
                                              this Instrument.</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              (3) In this paragraph, the words 
                                              &quot;net operating income&quot; mean the 
                                              amount of income remaining after 
                                              subtracting from total operating 
                                              revenues all charges which in the 
                                              normal conduct of business are 
                                              proper to be charged to revenue 
                                              account, including provision for 
                                              adequate maintenance and straight 
                                              line depreciation of assets, but 
                                              before deducting interest and 
                                              other charges on borrowings.</span></p>

                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              PART III&#8212;THE BOARD.</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              Section 5&#8212;The Board.</span></p>
                                              <p class="MsoNormal" style="text-align: justify">

                                              <span style="font-family: Arial">
                                              (1) The governing body of the 
                                              Corporation shall be a Board.</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              (2) The Board shall consist of&#8212;</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              (a) a Chairman and five persons 
                                              appointed by the President acting 
                                              in consultation with the Council 
                                              of State; and</span></p>

                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              (b) the person appointed Managing 
                                              Director under paragraph 9 of this 
                                              Instrument.</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              Section 6&#8212;Qualifications and 
                                              Vacation of Office of Members of 
                                              Board Etc.</span></p>
                                              <p class="MsoNormal" style="text-align: justify">

                                              <span style="font-family: Arial">
                                              (1) No person shall be qualified 
                                              to be a member of the Board who 
                                              has been sentenced to death or to 
                                              a term of imprisonment exceeding 
                                              twelve months without option of a 
                                              fine or has been convicted of an 
                                              offence involving dishonesty or 
                                              moral turpitude and has not in 
                                              each case been granted a pardon.</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              (2) No person shall be qualified 
                                              to be a member of the Board if 
                                              having been declared as an 
                                              insolvent or bankrupt under any 
                                              law for the time being in force in 
                                              Ghana or in any other country is 
                                              an undischarged insolvent or 
                                              bankrupt.</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              (3) The members of the Board other 
                                              than the Managing Director shall 
                                              hold office for one year.</span></p>

                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              (4) Any member of the Board other 
                                              than the Managing Director may 
                                              resign his office by notice in 
                                              writing addressed to the Minister 
                                              and without prejudice to the 
                                              general effect of sub-paragraphs 
                                              (1) and (2) of this paragraph, any 
                                              member of the Board may be removed 
                                              from office by the President 
                                              acting in consultation with the 
                                              Council of State.</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              (5) Where the office of a member 
                                              of the Board other than the 
                                              Managing Director becomes vacant 
                                              under sub-paragraph (1), (2) or 
                                              (4) of this paragraph before the 
                                              expiration of his term of office 
                                              under sub-paragraph (3) of this 
                                              paragraph or by his death, the 
                                              Minister shall notify the Prime 
                                              Minister of the occurrence of such 
                                              event and, the President shall, 
                                              acting in consultation with the 
                                              Council of State and subject to 
                                              the provisions of this Instrument, 
                                              appoint another person in his 
                                              place and to hold office for the 
                                              unexpired portion of his term of 
                                              office.</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">

                                              (6) Subject to the provisions of 
                                              this Instrument where it appears 
                                              to the Prime Minister on the 
                                              recommendation of the Minister 
                                              that any member of the Board is 
                                              incapacitated by absence from 
                                              Ghana, or illness or any other 
                                              sufficient cause from performing 
                                              the duties of his office the 
                                              President acting in consultation 
                                              with the Council of State shall 
                                              appoint another person to hold 
                                              office in his place until such 
                                              time as the Prime Minister is 
                                              satisfied that the incapacity of 
                                              that person has terminated or 
                                              until the term of such member 
                                              expires, whichever first occurs.</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              (7) Every member of the Board 
                                              shall, on ceasing to be a member 
                                              be eligible for re-appointment.</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              Section 7&#8212;Remuneration of Board 
                                              Members.</span></p>

                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              Any member appointed to the Board 
                                              under sub-paragraph (2) (a) of 
                                              paragraph 5 of this Instrument as 
                                              well as any person co-opted to the 
                                              Board under paragraph 8 of this 
                                              Instrument may be paid such 
                                              remuneration (if any) as the Board 
                                              may with the approval of the 
                                              Minister, and the Minister 
                                              responsible for Finance determine 
                                              in relation to him.</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              Section 8&#8212;Meetings of the Board.</span></p>
                                              <p class="MsoNormal" style="text-align: justify">

                                              <span style="font-family: Arial">
                                              (1) The Board shall ordinarily 
                                              meet for the despatch of business 
                                              at such time and at such places as 
                                              the Board may determine but&nbsp; shall 
                                              meet at least once in every month.</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              (2) A special meeting of the Board 
                                              shall be called upon a written 
                                              request signed by the Chairman or 
                                              by a majority of the members of 
                                              the Board addressed to the 
                                              Secretary of the Corporation.</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">

                                              (3) At every meeting of the Board 
                                              at which he is present, the 
                                              Chairman shall preside and in his 
                                              absence a member of the Board 
                                              appointed by the members present 
                                              from among themselves, shall&nbsp; 
                                              preside.</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              (4) Questions proposed at a 
                                              meeting of the Board shall be 
                                              determined by a simple majority of 
                                              members present and voting and in 
                                              the event of any equality of votes 
                                              the person presiding shall have a 
                                              second or casting vote.</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              (5) The quorum at any meeting of 
                                              the Board shall be three, or half 
                                              the number of members of the Board 
                                              whichever is the greater so 
                                              however that if the number of 
                                              members of the Board is not 
                                              divisible by two the reference to 
                                              half the number of the members of 
                                              the Board shall be deemed to be a 
                                              reference to half of the next 
                                              higher number.</span></p>

                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              (6) The Board may, at any time 
                                              co-opt any person or persons to 
                                              act as an adviser or advisers at 
                                              any of its meetings but no person 
                                              so co-opted shall be entitled to 
                                              vote at any such meetings on a 
                                              matter for decision by the Board.</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              (7) The validity of any 
                                              proceedings of the Board shall not 
                                              be affected by any vacancy among 
                                              its members or by any defect in 
                                              the appointment of any of them.</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">

                                              (8) Any member of the Board who 
                                              has any interest in any company or 
                                              undertaking with which the 
                                              Corporation proposes to enter into 
                                              any contract or who has any 
                                              interest in any contract which the 
                                              Corporation proposes to enter into 
                                              shall disclose in writing to the 
                                              Board the nature of his interest 
                                              and shall, unless the Board 
                                              otherwise directs, be disqualified 
                                              from participating in any 
                                              deliberations of the Board on the 
                                              contract and shall in any case be 
                                              disqualified from voting in any 
                                              decision of the Board on such 
                                              contract and any member who 
                                              infringes the provisions of this 
                                              sub-paragraph shall be liable to 
                                              be removed from the Board.</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              (9) The Board shall keep minutes 
                                              of all proceedings in such manner 
                                              and form as the Minister may from 
                                              time to time direct.</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              (10) The Secretary of the 
                                              Corporation appointed under 
                                              subparagraph 12 (1) shall submit 
                                              to the Minister a copy of all 
                                              minutes recorded as soon after 
                                              each meeting as possible.</span></p>

                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              (11) The Board shall submit to the 
                                              Minister as soon as possible after 
                                              the months of June, September, 
                                              December and March in each year a 
                                              statement showing the revenue and 
                                              expenditure of the Corporation and 
                                              fluctuations in the number of 
                                              persons in the employ of the 
                                              Corporation for the preceding 
                                              three months and the revenue and 
                                              expenditure of the Corporation for 
                                              the corresponding period in the 
                                              previous year. </span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              (12) The Board shall prepare 
                                              estimates of receipts and 
                                              expenditure for each period of 
                                              twelve months ending on the 30th 
                                              day of June in each year. A copy 
                                              of such estimates shall be 
                                              submitted to the Minister.</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">

                                              (13) The Board shall also submit 
                                              to the Minister such other reports 
                                              on its activities as the Minister 
                                              may by writing request from time 
                                              to time.</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              PART IV&#8212;MANAGEMENT AND STAFF OF 
                                              CORPORATION</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              Section 9&#8212;Board to be in Control 
                                              of General Policy of Corporation.</span></p>

                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              (1) The Board shall, subject to 
                                              the provisions of this Instrument, 
                                              have general control of the 
                                              management of the Corporation on 
                                              matters of policy.</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              (2) The Corporation shall have a 
                                              Managing Director.</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">

                                              (3) Subject to the provisions of 
                                              Part III of this Instrument the 
                                              Managing Director shall be 
                                              appointed by the President acting 
                                              in consultation with the Council 
                                              of State, and subject to the said 
                                              provisions shall hold office upon 
                                              such terms and conditions as may 
                                              be specified his instrument of 
                                              appointment.</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              (4) Where the office of the 
                                              Managing Director becomes vacant 
                                              the Board shall notify the 
                                              Minister thereof and the Minister 
                                              shall in turn notify the Prime 
                                              Minister of the occurrence of the 
                                              vacancy.</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              (5) Where the Managing Director is 
                                              incapacitated from the performance 
                                              of his functions under this 
                                              Instrument the Board may, subject 
                                              to sub-paragraph (6) of paragraph 
                                              6 of this Instrument authorise any 
                                              employee of the Corporation to 
                                              perform those function for the 
                                              duration of the incapacity.</span></p>

                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              (6) Subject to the provisions of 
                                              this Instrument, the Managing 
                                              Director shall be the Chief 
                                              Executive of the Corporation and 
                                              shall, subject to the general 
                                              control of the Board on matters of 
                                              policy, and subject in particular 
                                              to such rules as the Board may 
                                              make in that behalf under 
                                              paragraph 24 of this Instrument, 
                                              be charged with the direction of 
                                              the day-to-day business of the 
                                              Corporation and of its 
                                              administration and organisation 
                                              and control of all the employees 
                                              of the Corporation.</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              (7) Subject as aforesaid the 
                                              Managing Director may delegate to 
                                              any employee of the Corporation 
                                              any of his functions under this 
                                              Instrument and may impose such 
                                              conditions with respect to the 
                                              exercise of such delegated 
                                              functions as he may think fit:</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">

                                              Provided that nothing in this 
                                              sub-paragraph shall be construed 
                                              so as to absolve the Managing 
                                              Director from ultimate 
                                              responsibility for any act done by 
                                              any person in pursuance of any 
                                              such delegation.</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              Section 10&#8212;Execution of Contracts 
                                              Etc.</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              (1) The application of the seal of 
                                              the Corporation shall be 
                                              authenticated by two signatures, 
                                              namely&#8212;</span></p>

                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              (a) the signature of the Managing 
                                              Director or some other member of 
                                              the Board authorised by the Board 
                                              to authenticate the application of 
                                              the seal, and</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              (b) the signature of the Secretary 
                                              or some other officer of the 
                                              Corporation authorised by the 
                                              Board to act in the Secretary's 
                                              place for that purpose.</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">

                                              (2) The Corporation may by 
                                              instrument in writing under its 
                                              common seal empower any person 
                                              either generally or in respect of 
                                              any specified matters as its 
                                              attorney, to execute deeds on its 
                                              behalf in any place not situated 
                                              in Ghana; and every deed signed by 
                                              such attorney on behalf of the 
                                              Corporation and under his seal, 
                                              shall be binding on the 
                                              Corporation and have the same 
                                              effect as if it were under the 
                                              common seal of the Corporation.</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              (3) Any instrument or contract 
                                              which, if executed or entered into 
                                              by a person other than a body 
                                              corporate, would not require to be 
                                              under seal, may be executed or 
                                              entered into on behalf of the 
                                              Corporation by the Managing 
                                              Director or any member of the 
                                              Board if such person has 
                                              previously been authorised by 
                                              resolution of the Board to execute 
                                              or enter into that particular 
                                              instrument or contract:</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              Provided that if the Corporation 
                                              thinks fit it may by writing under 
                                              its common seal appoint any person 
                                              outside Ghana as agent to execute 
                                              or enter into the instrument or 
                                              contract and the instrument or 
                                              contract if executed or entered 
                                              into on behalf of the Corporation 
                                              shall have effect as if it had 
                                              been duly executed or entered into 
                                              as prescribed for the purpose of 
                                              this sub-paragraph.</span></p>

                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              (4) Every document purporting to 
                                              be an instrument executed or 
                                              issued by or on behalf of the 
                                              Corporation and to be:&#8212;</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              (a) sealed with the common seal of 
                                              the Corporation authenticated in 
                                              the manner provided by 
                                              sub-paragraph (1) of this 
                                              paragraph, or</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">

                                              (b) signed by and under the seal 
                                              of a person appointed as attorney 
                                              under sub-paragraph (2) of this 
                                              paragraph, or</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              (c) signed by the Managing 
                                              Director or by a member of the 
                                              Board or other person authorised 
                                              in accordance with sub-paragraph 
                                              (3) of this paragraph to act for 
                                              that purpose,</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              shall be deemed to be so executed 
                                              or issued until the contrary is 
                                              shown.</span></p>

                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              (5) The provisions of this 
                                              paragraph shall have effect 
                                              subject to the provisions of 
                                              paragraph 9 of this Instrument and 
                                              of section 12 of the Contracts 
                                              Act, 1960 (Act 25).</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              Section 11&#8212;Staff of Corporation.</span></p>
                                              <p class="MsoNormal" style="text-align: justify">

                                              <span style="font-family: Arial">
                                              (1) The Corporation may, from time 
                                              to time, engage such employees as 
                                              may be necessary for the proper 
                                              and efficient conduct of the 
                                              business and functions of the 
                                              Corporation.</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              (2) The Corporation may also 
                                              engage the services of such 
                                              consultants and advisers as the 
                                              Board may upon the recommendation 
                                              of the Managing Director 
                                              determine.</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              (3) Subject to any delegation 
                                              effected under clause (2) of 
                                              article 140 of the Constitution 
                                              and subject also to the other 
                                              provisions of the Constitution the 
                                              employees of the Corporation shall 
                                              be appointed by the President 
                                              acting in accordance with the 
                                              advice of the Public&nbsp; Services 
                                              Commission.</span></p>

                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              (4) Subject to the provisions of 
                                              the Constitution the employees, 
                                              consultants and advisers of the 
                                              Corporation shall be engaged on 
                                              such terms and conditions as the 
                                              Board may on the recommendation of 
                                              the Managing Director determine.</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              (5) Public Officers may be 
                                              transferred or seconded to the 
                                              Corporation or may otherwise give 
                                              assistance thereto.</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">

                                              Section 12&#8212;Secretary of 
                                              Corporation.</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              (1) The Corporation shall have an 
                                              officer to be designated as the 
                                              Secretary of the Corporation.</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              (2) The Secretary shall act as 
                                              Secretary to the Board and shall, 
                                              subject to the directions of the 
                                              Board, arrange the business for 
                                              and cause to be recorded and kept 
                                              minutes of all meetings of the 
                                              Board.</span></p>

                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              (3) The Secretary shall also 
                                              perform such functions as the 
                                              Board may by writing direct or as 
                                              the Managing Director may by 
                                              writing delegate to him and shall 
                                              be assisted in his functions by 
                                              such of the staff of the 
                                              Corporation as the Board may on 
                                              the recommendations of the 
                                              Managing Director direct.</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              Section 13&#8212;Internal Auditor.</span></p>
                                              <p class="MsoNormal" style="text-align: justify">

                                              <span style="font-family: Arial">
                                              (1) The Corporation shall have an 
                                              Internal Auditor.</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              (2) Subject to the provisions of 
                                              this Instrument, the Internal 
                                              Auditor shall be responsible to 
                                              the Managing Director for the 
                                              performance of his functions.</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              (3) As part of his functions under 
                                              this Instrument the Internal 
                                              Auditor shall, at intervals of 
                                              three months, prepare a report on 
                                              the internal audit work carried 
                                              out by him during the period of 
                                              three months immediately preceding 
                                              the preparation of the report, and 
                                              submit the report to the Managing 
                                              Director.</span></p>

                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              (4) Without prejudice to the 
                                              general effect of sub-paragraph 
                                              (3) of this paragraph, the 
                                              Internal Auditor shall make in 
                                              each report such observations as 
                                              appear to him necessary as to the 
                                              conduct of the financial affairs 
                                              of the Corporation during the 
                                              period to which the report 
                                              relates.</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              (5) The Internal Auditor shall 
                                              send a copy of each report 
                                              prepared by him under this 
                                              paragraph to the Minister and also 
                                              to each of the following:&#8212;</span></p>
                                              <p class="MsoNormal" style="text-align: justify">

                                              <span style="font-family: Arial">
                                              the Minister responsible for 
                                              Finance, </span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              the Auditor-General, and</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              the Chairman of the Board.</span></p>

                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              PART V&#8212;FINANCIAL PROVISIONS</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              Section 14&#8212;Capital and Funds of 
                                              Corporation.</span></p>
                                              <p class="MsoNormal" style="text-align: justify">

                                              <span style="font-family: Arial">
                                              The Government may provide to the 
                                              Corporation as working capital and 
                                              also as moneys required for 
                                              carrying out the functions of the 
                                              Corporation such sums as the 
                                              Minister may after consultation 
                                              with the Cabinet agree, being sums 
                                              requested by the Board from the 
                                              Government.</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              Section 15&#8212;Staff Welfare Fund.</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">

                                              (1) The Corporation shall have a 
                                              staff welfare fund.</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              (2) At the end of each financial 
                                              year, the Corporation shall 
                                              transfer to the staff welfare fund 
                                              such sum, not exceeding 5 per cent 
                                              of the net profits of the 
                                              Corporation as the Board may 
                                              determine.</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              (3) The Corporation may, with the 
                                              approval of the Minister, use the 
                                              staff welfare fund for the 
                                              provision of staff welfare 
                                              facilities such as canteens, low 
                                              interest bearing, staff welfare 
                                              loans and for other purposes aimed 
                                              at enhancing the welfare of the 
                                              staff of the Corporation.</span></p>

                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              (4) The operation of the staff 
                                              welfare fund shall be subject to 
                                              such specific rules and 
                                              regulations as may be made by the 
                                              Board.</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              Section 16&#8212;Depreciation Fund.</span></p>
                                              <p class="MsoNormal" style="text-align: justify">

                                              <span style="font-family: Arial">
                                              (1) The Corporation shall have a 
                                              depreciation fund and for this 
                                              purpose the Corporation shall open 
                                              a Depreciation Reserve Account 
                                              with the Bank of Ghana.</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              (2) At the end of each financial 
                                              year, the Corporation shall 
                                              transfer to the credit of the 
                                              Depreciation Reserve Account all 
                                              amounts charged to profit and loss 
                                              account in respect of depreciation 
                                              for buildings, plant and 
                                              equipment, fixtures and other 
                                              fixed assets.</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              (3) Amounts so transferred to the 
                                              Depreciation Reserve Account shall 
                                              be utilised only to replace fixed 
                                              assets and equipment which are 
                                              worn out or have become obsolete.</span></p>

                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              (4) Expenditure in respect of 
                                              current repairs and in respect of 
                                              purchases of spare parts shall not 
                                              be met out of the Depreciation 
                                              Reserve Account but shall be 
                                              charged to the income and 
                                              expenditure account of the 
                                              Corporation for the financial year 
                                              during which the expenditure is 
                                              incurred.</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              Section 17&#8212;Corporation to Pay Sums 
                                              into Consolidated Fund.</span></p>
                                              <p class="MsoNormal" style="text-align: justify">

                                              <span style="font-family: Arial">
                                              Subject to paragraph 4 of this 
                                              Instrument at the end of each 
                                              financial year, after the 
                                              Corporation has made provision for 
                                              bad and doubtful debts, 
                                              depreciation of assets, 
                                              contributions to staff and 
                                              superannuation funds and for other 
                                              contingencies, if any, and after 
                                              appropriation has been made to the 
                                              staff welfare fund under paragraph 
                                              15 of this Instrument such part of 
                                              the profits of the Corporation 
                                              remaining as the Minister after 
                                              consultation with the Board and 
                                              with the Minister responsible for 
                                              Finance may by writing direct 
                                              shall be paid into the 
                                              Consolidated Fund.</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              Section 18&#8212;Borrowing Powers.</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">

                                              (1) The Corporation may obtain 
                                              loans and other credit facilities, 
                                              on the guarantee of the Government 
                                              from the National Investment Bank 
                                              or from such other Bank as the 
                                              Minister and the Minister 
                                              responsible for Finance may 
                                              approve.</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              (2) Apart from the powers of the 
                                              Corporation under sub-paragraph 
                                              (1) of this paragraph, the 
                                              Corporation may, with the prior 
                                              approval of the Minister and the 
                                              Minister responsible for Finance 
                                              borrow money from any other 
                                              source.</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              (3) For the purpose of any 
                                              technical arrangement in 
                                              connection with the raising of any 
                                              loan under sub-paragraph (2) of 
                                              this paragraph the Corporation 
                                              shall, if the National Investment 
                                              Bank agrees, use the services of 
                                              that Bank.</span></p>

                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              (4) The Corporation may borrow 
                                              temporarily by way of overdraft or 
                                              otherwise, such sums as it may 
                                              require for meeting its current 
                                              obligations or discharging its 
                                              functions.</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              (5) The Minister responsible for 
                                              Finance may on behalf of the 
                                              Government, guarantee the 
                                              performance of any obligation or 
                                              undertaking by the Corporation 
                                              under this paragraph.</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">

                                              (6) The Minister responsible for 
                                              Finance may, from time to time, 
                                              prescribe the maximum sums which 
                                              the Corporation may borrow under 
                                              sub-paragraph (1) or (2) of this 
                                              paragraph.</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              Section 19&#8212;Corporation to Keep 
                                              Proper Books of Account.</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              The Corporation shall keep proper 
                                              books of account and proper 
                                              records in relation thereto and 
                                              the account books and records&nbsp; of 
                                              the Corporation shall be in such 
                                              form as the Auditor-General may 
                                              approve.</span></p>

                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              Section 20&#8212;Financial Year of 
                                              Corporation.</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              (1) The Corporation's financial 
                                              year shall end on the 30th day of 
                                              June in each year.</span></p>
                                              <p class="MsoNormal" style="text-align: justify">

                                              <span style="font-family: Arial">
                                              (2) For the purposes of this 
                                              section the period extending from 
                                              the commencement of this 
                                              Instrument to the 30th day of 
                                              June, 1971 shall be deemed to be a 
                                              financial year.</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              Section 21&#8212;Audit.</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">

                                              (l) The books and accounts of the 
                                              Corporation shall each year be 
                                              audited in accordance with article 
                                              135 of the Constitution by the 
                                              Auditor-General.</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              (2) The Corporation shall pay in 
                                              respect of such audit such fee (if 
                                              any) as the Auditor-General and 
                                              the Board may agree or in the case 
                                              of failure to agree, such fee as 
                                              the Minister may prescribe. </span>
                                              </p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              (3) It shall be the duty of the 
                                              Board as soon as possible upon 
                                              receiving the report of the 
                                              Auditor-General under this 
                                              paragraph to forward a copy of 
                                              such report to the Minister.</span></p>

                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              (4) The Minister shall as soon as 
                                              practicable upon receipt thereof, 
                                              cause to be laid before the 
                                              National Assembly a copy the 
                                              Auditor-General&#8217;s report forwarded 
                                              to him under this paragraph.</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              Section 22&#8212;Annual Report, Etc.</span></p>
                                              <p class="MsoNormal" style="text-align: justify">

                                              <span style="font-family: Arial">
                                              (1) The Corporation shall, as soon 
                                              as possible after the expiration 
                                              of each financial year but within 
                                              six months after the termination 
                                              of that financial year, submit to 
                                              the Minister an annual report 
                                              dealing generally with the 
                                              activities and operations of the 
                                              Corporation within that year which 
                                              shall, without prejudice to the 
                                              generality of the foregoing 
                                              include:&#8212;</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              (a) a copy of the audited accounts 
                                              of the Corporation together with 
                                              the Auditor-General's report 
                                              thereon;</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              (b) each report submitted in 
                                              relation to that financial year by 
                                              the Internal Auditor under 
                                              paragraph 13 of this Instrument;</span></p>

                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              (c) a statement of all directions 
                                              given by the Minister to the 
                                              Corporation under paragraph 23 of 
                                              this Instrument, within that year;</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              (d) such other information as the 
                                              Minister may by writing request.</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">

                                              (3) A copy of the annual report of 
                                              the Corporation shall also be sent 
                                              by the Corporation to the 
                                              following:&#8212;</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              the Minister responsible for 
                                              Finance,</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              the Head of the Central Bureau of 
                                              Statistics.</span></p>

                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              (3) The Minister shall, as soon as 
                                              possible after receiving the 
                                              annual report of the Corporation, 
                                              cause the report to be laid before 
                                              the National Assembly.</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              (4) The Corporation shall also 
                                              submit to the Minister such other 
                                              reports on its financial affairs 
                                              as the Minister may by writing 
                                              request from time to time.</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">

                                              Section 23&#8212;Minister&#8217;s Power of 
                                              Direction.</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              (1) Subject to the provisions of 
                                              paragraph 4 of this Instrument, 
                                              the Minister may give general 
                                              directions in writing to the 
                                              Corporation on matters of policy 
                                              and the Corporation shall be bound 
                                              to comply with such directions.</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              (2) For the proper conduct of his 
                                              public business the Minister shall 
                                              be entitled at all times to be in 
                                              direct communication with the 
                                              Managing Director, concerning all 
                                              branches of the Corporation and 
                                              all employees and also see all 
                                              documents, papers and minutes 
                                              which he may require either for 
                                              Parliament or himself and to be 
                                              supplied with copies thereof.</span></p>

                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              Section 24&#8212;Bye-laws or Other 
                                              Instruments.</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              (1) The Board may make bye-laws or 
                                              other instruments for the purpose 
                                              of carrying into effect the 
                                              provisions and principles of this 
                                              Instrument and for regulating any 
                                              matter falling within the scope of 
                                              the functions of the Corporation 
                                              or which is required or authorised 
                                              by this Instrument to be provided 
                                              for by any such instruments.</span></p>
                                              <p class="MsoNormal" style="text-align: justify">

                                              <span style="font-family: Arial">
                                              (2) Without prejudice to the 
                                              general effect of sub-paragraph 
                                              (1) of this paragraph, the Board 
                                              may, subject to the provisions of 
                                              the Social Security Act, 1965 (Act 
                                              279) make bye-laws or other 
                                              instruments under that 
                                              sub-paragraph for providing the 
                                              conditions of service of the staff 
                                              of the Corporation including, if 
                                              the Board thinks fit, the 
                                              operation of a contributory 
                                              provident fund.</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              Section 25&#8212;Exemption from Taxes, 
                                              Etc.</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">

                                              The Corporation shall be exempted 
                                              from such taxes and duties as the 
                                              Minister responsible for Finance 
                                              may, by writing, direct. </span>
                                              </p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              Section 26&#8212;Interpretation.</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">

                                              In this Instrument &#8220;Minister&#8221; 
                                              means the Minister responsible for 
                                              lnformation.</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              Section 27&#8212;Dissolution of Former 
                                              Corporation and Transfer of its 
                                              Assets and Liabilities.</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">

                                              (1) The State Film Industry 
                                              Corporation existing immediately 
                                              before the commencement of this 
                                              Instrument under the Instrument 
                                              of&nbsp; Incorporation of the State 
                                              Film Industry Corporation, 1965 (L.I. 
                                              467) is hereby dissolved and the 
                                              said Instrument is hereby revoked.</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              (2) There is hereby transferred to 
                                              the Corporation established by 
                                              this Instrument all assets, 
                                              rights, obligations and 
                                              liabilities of the first mentioned 
                                              Corporation.</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              E. AKUFO ADDO</span></p>

                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              President.</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              Date of Gazette Notification: 10th 
                                              March, 1971.</span></p>