INTERNATIONAL DEVELOPMENT ASSOCIATION ACT - 1960 (ACT 11)

• Section - 1 - Authority To Sign Agreement

  • The Minister is hereby authorised on behalf of the Government of the Republic of Ghana to sign the Agreement, and to deposit with the Bank, instruments of acceptance of the Agreement and of the terms and conditions prescribed thereunder relating to the admission of the Government of the Republic of Ghana to membership; or by instrument under his hand to empower such person as may be named in that instrument to sign the Agreement and to deposit the said instrument of acceptance as above set out.

• Section - 3 - Personality Of Association

  • (1) The Association shall be a body corporate with perpetual succession and may, subject to the provisions of subsection (2) of this section, sue and be sued in its corporate name and may enter into contracts and, for and in connection with the purposes of the Agreement, may acquire and dispose of real and personal property.
    
    (2) The President may, by executive instrument, make such provision as may be reasonably necessary for carrying into effect any of the provisions of the Agreement, relating to the status, immunities and privileges of the Association and of the Governors, Executive Directors, Alternates, officers and employees.
    
    (3) Nothing in this Act shall be construed as limiting the power of the President under section 2 of the Diplomatic Privileges Ordinance (Cap. 268) to declare the Association to be such an organisation as is mentioned in that section or any power of the President under that or any other enactment to confer any immunities or privileges on the Association, or on any other persons connected with it.

• Section - 4 - Interpretation

  • (1) In this Act, unless the context otherwise requires:-
    
    "Agreement" means the Articles of Agreement hereinbefore referred to for the establishment and operation of an international body to be called the International Development Association;
    
    "Association" means the International Development Association;
    
    "Bank" means the International Bank for Reconstruction and Development;
    
    "Minister" means the Minister responsible for Finance.