Major Mahama Trust Fund Act, 2017 Act 960

MAJOR MAHAMA TRUST FUND ACT, 2017 (ACT 960)
ARRANGEMENT OF SECTIONS
Section
Establishment of the Major Mahama Trust Fund
1. Private Act
2. Establishment of the Trust Fund
3. Object of the Trust Fund
4. Sources of money for the Trust Fund
5. Bank account of the Trust Fund
6. Exemption from tax
7. Application of Trust Fund
8. Residue of Trust Fund
The Board of Trustees and Management of the Trust Fund
9. The Board of Trustees
10. Functions of the Board of Trustees-
11. Tenure of office of members of the Board of Trustees
12. Meetings of the Board of Trustees
13. Disclosure of interest
14. Establishment of committees
15. Allowances
16. Ministerial directives
Administrative Provisions
17. Appointment of Administrator
18. Functions of Administrator
19. Appointment of other staff
Financial Provisions
20. Expenses of the Trust Fund
2l. Accounts and audit
22. Annual report and other reports
Miscellaneous Provisions
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23. Regulations
24. Interpretation
2

Expenses of the Trust Fund
2l. Accounts and audit
22. Annual report and other reports
Miscellaneous Provisions
1

23. Regulations
24. Interpretation
2

ACT 960
REPUBLIC OF GHANA
THE NINE HUNDRED AND SIXTY
ACT
OF THE PARLIAMENT OF THE REPUBLIC OF GHANA
ENTITLED
MAJOR MAHAMA TRUST FUND ACT, 2017
AN ACT to establish the Major Mahama Trust Fund to cater adequately for the wife and
children of the late Major Maxwell Adam Mahama and to provide for related matters. DATE OF ASSENT: 2nd January, 2018
PASSED by Parliament and assented to by the President:
Establishment of the Major Mahama Trust Fund
Section 1—Private Act
This Act is a private Act. Section 2—Establishment of the Trust Fund
(1) There is established by this Act a body corporate to be known as the Major Mahama Trust
Fund. (2) For the performance of its functions, the Trust Fund may acquire and hold movable and
immovable property, dispose of property and enter into a contract or any other transaction. (3) Where there is a hindrance to the acquisition of immovable property, the property may be
acquired for the Trust Fund under the State Lands Act, 1962 (Act 125) and the cost shall be
borne by the Trust Fund.

ble property, the property may be
acquired for the Trust Fund under the State Lands Act, 1962 (Act 125) and the cost shall be
borne by the Trust Fund.

Section 3—Object of the Trust Fund
The object of the Trust Fund is to cater adequately for the wife and children of the late Major
Max-yell Adam Mahama and any other related matters
Section 4—Sources of-money for the Trust Fund
The sources of money for the Trust fund are
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e Major
Max-yell Adam Mahama and any other related matters
Section 4—Sources of-money for the Trust Fund
The sources of money for the Trust fund are
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(a) seed money specifically allocated for the start-up of the Trust Fund;
(b) moneys approved by-Parliament for payment into the Trust Fund;
(c) grants, donations and other voluntary contributions to the Trust Fund;
(d) moneys that accrue to the Trust Fund from investments made by the Board of Trustees;
(c) moneys that may become lawfully payable to the Trust Fund or moneys accruing to the
Trust Fund from property that may become lawfully payable to the Trust Fund; and
(f) any other moneys-that the Board of Trustees in consultation with the Minister responsible
for Finance may determine. Section 5—Bank amount of the Trust Fund
The moneys for the Trust Fund shall vest in the Board of Trustees and shall be paid into a bank
account opened for the Trust Fund with the approval of the Controller and Accountant-General. Section 6—Exemption from tax
The Trust Fund is exempt from the payment of tax. Section 7—Application of Trust Fund
(1) For the purpose of achieving the object of the Trust Fund, the Board of Trustees shall apply
the moneys for the Trust Fund for
(a) the acquisition and furnishing of a four bedroom house for the widow of the late Major
Maxwell Adam Mahama, Mrs.

the moneys for the Trust Fund for
(a) the acquisition and furnishing of a four bedroom house for the widow of the late Major
Maxwell Adam Mahama, Mrs.

Barbara Mahama, and her children by the late Major Maxwell
Adam Mahama, namely Jaden Mahama and Jeremiah Boressah Mahama, for life, at a location
in Ghana determined by the Board of Trustees in consultation with the widow;
(b) the maintenance and education of the children of the late Major Maxwell Adam Mahama
up to a standard that the Board of Trustees may determine
(i) having regard to the ability and the aptitude of each of the children; and
(ii) for the purpose of ensuring that each of the children is adequately equipped to earn a living;
(c) the maintenance of the wife of the late Major Maxwell Adam Mahama, Mrs. Barbara
Mahama, through the provision of
(i) adequate allowances for living expenses;
(ii) a means of transportation;
(iii) any other facility determined by the Board of Trustees; and
(d) any other purpose in furtherance of the object of this Act determined by the Board of
Trustees. (2) The maintenance of the wife of the late Major Maxwell Adam Mahama, Mrs. Barbara
Mahama, shall continue until she remarries or dies. Section 8—Residue of Trust Fund
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of the wife of the late Major Maxwell Adam Mahama, Mrs. Barbara
Mahama, shall continue until she remarries or dies. Section 8—Residue of Trust Fund
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The residue of the Trust Fund shall revert to the Government when the object of the Trust Fund
is achieved by reason of
(a) the death or remarriage of Mrs. Barbara Mahama; and
(b) the completion by Jaden Mahama and Jeremiah Boressah Mahama of education to a
standard determined by the Board to be sufficient to adequately equip each of the children to
earn a living having regard to the ability and the aptitude of each of the children. The Board of Trustees and Management of the Trust Fund
Section 9—The Board of Trustees
(1) The governing body of the Trust Fund is a Board of Trustees consisting of
(a) the chairperson who is the Minister for Defence or a representative of the Minister;
(b) the Administrator of the Trust Fund;
(c) the Chairman of the Parliamentary Select Committee on Defence and Interior;
(d) the Ranking Member of the Parliamentary Select Committee on Defence and Interior;
(e) the Tumu Kuro or a representative of the Tumu Kuro; and
(j) two persons nominated by the President at least one of whom is a woman. (2) The members of the Board of Trustees shall be appointed by the President in accordance
with article 70 of the Constitution.

ne of whom is a woman. (2) The members of the Board of Trustees shall be appointed by the President in accordance
with article 70 of the Constitution.

Section 10—Functions of the Board of Trustees
(1) The Board of Trustees is responsible for the management of the Trust Fund. (2) For the purpose of subsection (1), the Board of Trustees shall
(a) monitor and evaluate the operations and performance of the Trust Fund;
(b) ensure accountability of the Trust Fund by defining appropriate procedures for the
management of the Trust Fund;
(c) invest moneys of the Trust Fund that are not required for immediate use in safe securities
that are financially beneficial to the Trust Fund;
(d) organise fundraising activities to raise moneys for the Trust Fund; and
(e) perform any other functions incidental to the achievement of the object of the Trust Fund. Section 11—Tenure of office of members of the Board of Trustees
(1) A member of the Board of Trustees other than an ex-officio member shall hold office for a
period of not more than four years and is eligible for re-appointment but the member shall not
be appointed for more than two terms. (2) A member of the Board of Trustees may, by letter addressed to the President through the
chairperson, resign at any time from office. 5

two terms. (2) A member of the Board of Trustees may, by letter addressed to the President through the
chairperson, resign at any time from office. 5

(3) A member of the Board of Trustees, other than an ex-officio member who is absent from
three consecutive meetings without sufficient cause ceases to be a member of the Board of
Trustees. (4) The President may by letter addressed to a member of the Board of Trustees, revoke the
appointment of that member. (5) Where a member of the Board of Trustees is, for a sufficient reason, unable to act as a
member, the Minister shall determine whether the inability would result in the declaration of a
vacancy. (6) Where there is a vacancy
(a) under subsection (2) or (3) or section 13 (2),
(b) as a result of a declaration under subsection (5), or
(c) by reason of the death of a member, the Minister shall notify the President of the vacancy
and the President shall appoint a person to fill the vacancy. Section 12—Meetings of the Board of Trustees
(1) The Board of Trustees shall meet at least once every three months for the despatch of
business at the times and in the places determined by the chairperson.

ard of Trustees shall meet at least once every three months for the despatch of
business at the times and in the places determined by the chairperson.

(2) The chairperson shall, at the request in writing of not less than one-third of the membership
of the Board of Trustees, convene an extraordinary meeting of the Board of Trustees at the
place and time determined by the chairperson. (3) The quorum at a meeting of the Board of Trustees is four members of the Board of Trustees. (4) The chairperson shall preside at meetings of the Board of Trustees and in the absence of
the chairperson, a member of the Board of Trustees elected by the members present from
among their number shall preside. (5) Matters before the Board of Trustees shall be decided by a majority of the members present
and voting and in the event of an equality of votes, the person presiding shall have a casting
vote. (6) The Board of Trustees may co-opt a person to attend a meeting of the Board of Trustees
but that person shall not vote on a matter for decision at the meeting. (7) The proceedings of the Board of Trustees shall not be invalidated by reason of a vacancy
or a defect in the appointment of a member. (8) Subject to this section, the Board of Trustees may determine the procedure for its meeting.

a vacancy
or a defect in the appointment of a member. (8) Subject to this section, the Board of Trustees may determine the procedure for its meeting.

Section 13—Disclosure of interest
(1) A member of the Board of Trustees who has an interest in a matter for consideration shall
(a) disclose the nature of the interest and the disclosure shall form part of the record of the
consideration of the matter; and
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consideration shall
(a) disclose the nature of the interest and the disclosure shall form part of the record of the
consideration of the matter; and
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(b) not be present at, or participate in the deliberations of the Board of Trustees in respect of
the matter. (2) A member ceases to be a member of the Board of Trustees if that member has an interest
in a matter before the Board of Trustees and
(a) fails to disclose that interest; or
(b) is present at or participates in the deliberations of the matter. Section 14—Establishment of committees
(1) The Board of Trustees may establish committees consisting of members or non-members
or both to perform a function. (2) A committee consisting of non-members only is advisory. (3) Section 13 applies to members of committees of the Board of Trustees. Section 15—Allowances
Members of the Board of Trustees and members of a committee of the Board of Trustees shall
be paid the allowances approved by the Minister in consultation with the Minister responsible
for Finance. Section 16—Ministerial directives
The Minister may give written directives to the Board of Trustees on matters of policy and the
Board of Trustees shall comply.

—Ministerial directives
The Minister may give written directives to the Board of Trustees on matters of policy and the
Board of Trustees shall comply.

Administrative Provisions
Section 17—Appointment of Administrator
(1) The President shall, in accordance with article 195 of the Constitution, appoint an
Administrator for the Trust Fund. (2) The Administrator shall hold office on the terms and conditions specified in the letter of
appointment. Section 18—Functions of Administrator
(1) The Administrator
(a) is the secretary to the Board of Trustees in addition to being a member of the Board of
Trustees;
(b) is the head of the secretariat of the Trust Fund:
(c) is responsible for the day to day administration of the Trust Fund;
(d) is responsible for ensuring the implementation of the decisions of the Board of Trustees;
and
(e) shall perform any other function assigned to the Administrator by the Board of Trustees. 7

entation of the decisions of the Board of Trustees;
and
(e) shall perform any other function assigned to the Administrator by the Board of Trustees. 7

(2) The Administrator may delegate a function to an officer of the Trust Fund but shall not be
relieved of the ultimate responsibility for the performance of the delegated function. Section 19—Appointment of other staff
(1) The President shall, in accordance with article 195 of the Constitution, appoint other staff
that are necessary for the proper and effective performance of the functions of the Trust Fund. (2) The Board of Trustees may, on the recommendation of the Administrator, engage the
services of advisers and consultants. Financial Provisions
Section 20—Expenses of the Trust Fund
(1) The administrative expenses of the Trust Fund related to the management of the Trust Fund
shall be paid out of the Trust Fund subject to the approval of the Minister in consultation with
the Minister responsible for Finance. (2) The Administrative expenses shall not exceed ten per cent of the amount accrued by the
Fund. Section 21—Accounts and audit
(1) The Board of Trustees shall keep books of account and proper records in relation to them
in the form approved by the Auditor-General.

ts and audit
(1) The Board of Trustees shall keep books of account and proper records in relation to them
in the form approved by the Auditor-General.

(2) The Board of Trustees shall submit the accounts of the Trust Fund to the Auditor-General
for audit at the end of the financial year. (3) The Auditor-General shall, within six months after the end of the preceeding financial year
audit the accounts and forward a copy of the audit report to the Minister. (4) The financial year of the Trust Fund is the same as the financial year of Government. Section 22—Annual report and other reports
(1) The Board of Trustees shall within one month after the receipt of the audit report, submit
to the Minister, an annual report covering the programmes, activities and operations of the
Trust Fund for the year to which the report relates. (2) The annual report shall include the report of the Auditor-General. (3) The Minister shall, within one month after the receipt of the annual report, submit the report
to Parliament with a statement that the Minister considers necessary. (4) The Board of Trustees shall submit to the Minister any other report that the Minister may
in writing require. Miscellaneous Provisions
Section 23—Regulations
The Minister may, on the advice of the Board of Trustees, by legislative instrument, make
Regulations
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iscellaneous Provisions
Section 23—Regulations
The Minister may, on the advice of the Board of Trustees, by legislative instrument, make
Regulations
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(a) for the procedure for the disbursement of the Trust Fund; and
(b) generally for the effective implementation of the provisions of this Act.
Section 24—Interpretation
In this Act, unless the context otherwise requires,
"Board of Trustees" means the governing body of the Trust Fund established under section 9;
"ex-officio member" means a person who is a member of the Board of Trustees by virtue of
the office held by that person;
"Trust Fund" means the Major Mahama Trust Fund established under section 2;
"Minister" means the Minister responsible for Defence;
"private Act" has the meaning assigned in section 1 of the Interpretation Act, 2009 (Act 792);
and
"Turnu Kuror" means the paramount chief of the Tumu traditional area;
Date of Gazette Notification: 3rd January 2018.
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