GHANA NATIONAL PLAYING FIELDS BOARD ACT - 1977 (SMCD 107)

    Section - 10 - Borrowing Powers.

    (1) The Board may obtain loans and other credit facilities, on the guarantee of the Government from such Banks and other financial institutions as the Commissioner and the Commissioner responsible for Finance may approve.

    (2) Apart from the powers of the Board under subsection (1) of this section, the Board may, with the prior approval of the Commissioner and the Commissioner responsible for Finance, borrow money from any other source.

    (3) The Board may borrow temporarily by way of overdraft or otherwise, such sums as it may require for meeting its current obligations or discharging its functions.

    (4) The Commissioner responsible for Finance may, on behalf of the Government guarantee the performance of any obligation or undertaking by the Board under this section.

    (5) The Commissioner responsible for Finance may from time to time prescribe the maximum sums which the Board may borrow under subsection (1) or (2) of this section.