<p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              IN exercise of the powers 
                                              conferred on the Commissioner 
                                              responsible for Finance by section 
                                              38 of the Investment Policy 
                                              Decree, 1975 (N.R.C.D. 329) this 
                                              Instrument is made this 24th day 
                                              of April, 1975.</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              1. It is hereby declared that the 
                                              National Finance and Merchant Bank 
                                              shall be a body the holding of any 
                                              capital by which shall be 
                                              considered as Ghanaian ownership, 
                                              State or private for the purposes 
                                              of the Investment Policy Decree, 
                                              1975.</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              2. This Instrument shall be deemed 
                                              to have come into force at the 
                                              same time as the Investment Policy 
                                              Decree, 1975.</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              COLONEL I. K. ACHEAMPONG</span></p>
                                              <p class="MsoNormal" style="text-align: justify">
                                              <span style="font-family: Arial">
                                              Chairman of the National 
                                              Redemption Council and </span></p>
                                              <p>
                                              <span style="font-size: 12.0pt; font-family: Arial">
                                              Commissioner responsible for 
                                              Finance</span></p>