GHANA WATER AND SEWERAGE CORPORATION ACT - 1965 (ACT 310)

    Section - 9 - Assets and Reserves.

    (1) There shall be vested in the Corporation such assets as may be transferred to the Corporation by the Minister by executive instrument and such other assets as may be transferred to it by other persons.

    (2) The Corporation may receive grants from the Government for development and as working capital.

    (3) The Corporation shall establish and maintain by annual payments from its earnings a depreciation fund for the replacement of fixed assets which become worn out or become obsolete, and shall establish such capital sinking funds as may be required for expansion and development financing.