AGRICULTURAL DEVELOPMENT CREDIT AND CO-OPERATIVE BANK ACT - 1965 (ACT 286)

Section - 20 - Guarantees and Loans Repayable by Government

(1) The Minister may in writing, in the name and on behalf of the Government or any agent thereof, on such terms and conditions as may be determined by the Minister;

(a) guarantee, or

(b) agree to repay,

loans raised by the Bank from any international financial organisation or from any foreign financial institution.

(2) Loans guaranteed or agreed to be repaid under subsection (1) of this section may be denominated in foreign currency.

(3) All moneys payable under any guarantee or agreement under this section shall be charged on the Consolidated Fund.