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IN exercise of the powers conferred on the Provisional National Defence Council by subsection (1) of section 6 of the Provisional National Defence Council (Establishment) Proclamation (Supplementary and Consequential Provisions) Law, 1982 (P.N.D.C.L. 42) this Instrument is made this 8th day of June, 1983.

Section 1—Establishment of Committee of Inquiry.

There is hereby established a Committee of Inquiry to be known as the National Savings and Credit Bank Committee of Inquiry hereafter referred to as "the Committee".

Section 2—Membership of Committee.

The Committee shall consist of the persons specified in the Schedule to this Instrument.

Section 3—Terms of Reference.

The terms of reference of the Committee shall be as follows:—

(a) to investigate any allegations of incompetence or corruption made against the Acting Managing Director, the Acting Chief Manager and the Deputy Chief Manager, Operations, and any other officer of the bank in the course of the performance of his duties;

(b) to investigate whether any officer of the bank in disregard of the regulations of the bank in respect of granting of loans has granted loans to his relatives;

(c) to inquire whether any officer of the bank has granted loans over and above the limit of his authority;

(d) to inquire into other matters of mismanagement or any matter which in the opinion of the Committee is reasonably related to the foregoing and which the Committee is satisfied should be inquired into; and

(c) to submit its findings to the Provisional National Defence Council giving reasons therefor and making such recommendations to the Council in respect of its findings as the Committee may find appropriate.

Section 4—Secretary and Staff of the Committee.

(1) Mr. E. T. Nanor, Ministry of Finance and Economic Planning, shall act as Secretary to the Committee.

(2) The Provisional National Defence Council may provide to the Committee the services of such officers as the Committee may require for the discharge of its functions.

Section 5—Meetings of Committee.

(1) The Committee shall meet at such times and at such places as it may determine.

(2) The Committee may at any time engage the services of any person to attend any of its meetings as an adviser.

(3) Subject to the provisions of this Instrument the Committee shall regulate its own procedure.

Section 6—Quorum.

The Committee shall at any time be deemed to be duly constituted if the Chairman and not less than two other members are present.

Section 7—Witnesses.

(1) The Committee may require any person:—

(a) to attend at such time and place as may be indicated by the Committee to give evidence or produce any document in his possession or control which relates to any matter indicated by the Committee; or

(b) to give to the Committee any information that it may require for the purpose of any investigation before it.

(2) Any person who appears before the Committee under sub-paragraph (1) of this paragraph may be examined on oath and the Committee may for that purpose administer the oath.

Section 8—Offences.

Any person who:

(a) refuses or wilfully neglects to attend in obedience to a requirement by the Committee under sub-paragraph (1) (a) of paragraph 7 of this Instrument, or to give evidence as required thereunder; or

(b) wilfully alters, suppresses, conceals, destroys or refuses to produce any document which he is required to produce under sub-paragraph (1) (a) of paragraph 7 of this Instrument; or

(c) refuses or wilfully neglects to furnish any information required of him under sub-paragraph (1) (b) of paragraph 7 of this Instrument,

is guilty of an offence and liable on summary conviction to a fine not exceeding ¢5,000.00 or to imprisonment not exceeding six months or to both.

Section 9—Commencement.

This Instrument shall be deemed to have come into force on the 15th day of December, 1982.




1.  Mr. C. K. E. Stephens (General Manager), GIHOC     . .      . .                        Chairman         

2.  Mr. Charles Vandyck (Chief Manager), Ghana Commercial Bank                Member          

3. Mr. K. O. Odum (Chief Accountant), Accountant-General's Department   . .         ..         ..         ..       ..           ..       ..       ..         ..                                                                                                    Member          

4.  Mr. Samuel Oteng (Private Legal Practitioner)      . .          . .        ..                Member          

5. Mr. E. T. Nanor (Administrator), Ministry of Finance and Economic Planning     . .                                                                                                                                        Member/Secretary.      


Chairman of the Provisional National Defence Council


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