ACCOUNTING TO THE PEOPLE

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Table 12. Legislation passed between 2013 and 2015
SUBSTANTIVE LAWS YEAR OF PASSAGE PURPOSE
Health Professionals Regulatory
Authority Act (Act 857)
Internal Revenue Amendment Act
(Act 859)
Ghana Investment Promotion Centre
Act(Act 865)
Export Trade, Agricultural and Industrial
Development Fund (EDAIF) Act, (Act 872)
Anti-Money Laundering(Amendment)
Act(Act 874)
Anti-Terrorism(Amendment)
Act (Act 875)
2013 Established the Allied Health Profession
Council, Nursing and Midwifery Council,
Psychology Council etc. It regulates the
conduct and activities of various health
professionals in Ghana.
2013 Amended the annual income tax
threshold and offered reliefs to certain
category of tax payers
2013 Repealed Act 478 of 1994 in order to
give renewed impetus to the work
of the GIPC for the creation of an
attractive incentive system, transparent,
predictable and facilitating environment
for investments in Ghana.
2013 Established a fund to provide financial
resources for export trade, agricultural
and industrial development
2014 Repealed Act 749 to expand the scope
of actions that can be taken under the
Act. Included in this Act are provisions
on the preservation of funds, other
assets and instrumentalities of crime
being the duty of an accountable institution
2014 Amended Act 762 to clarify the power of
the High Court to order the funds and
other assets of a terrorist, financiers of
terrorism or a terrorist organisation to
be frozen.
Trademarks (Amendment) Act, Act (876) 2014 Amended Act 664 to reconcile
renewal periods for the registration
of trademarks and to provide for the
international registration of trademarks.
It further makes provision for powers to
make Regulations to give effect to the
provisions of the Madrid Protocol
Ghana Infrastructure Investment Fund
Act(Act 877)
2014 Established an independent fund wholly
owned by the Republic of Ghana to mobilise,
manage, coordinate and provide
financial resources for investment in
a diversified portfolio of infrastructure
projects in Ghana for national development
Fisheries (Amendment) Act,(Act 880) 2014 Amended the Fisheries Act (Act 625) to
give effect to international conservation
and management obligations, to
empower the Minister to make Regulations
to combat illegal, unreported and
unregulated fishing in accordance with
international obligations of Ghana.
National Pensions (Amendment )
Act,(Act 883)
2014 Amended Act 766 to reduce the age
from 55 years to 50 years for exemption
from the first-tier scheme; and
to provide for payment of benefit to
non-Ghanaian members of the pension
scheme
Youth Employment Agency Act, (Act 887) 2015 Established the Youth Employment
Agency for the purpose of the development,
coordination, supervision and
the facilitation of employment for the
youth. The Act seeks to set standards
and procedures for the employment
and career development of the youth in
the country.
LEGISLATIVE INSTRUMENTS
Ferrous Scrap Metals (Prohibition of
export) Regulations (L.I.2201)
Internal Revenue (Amendment)
Regulations(L.I.2202)
Petroleum (Local Content and Local
Participation) Regulations(L.I.2204)
2013 The regulations seek to prohibit the
export of ferrous scrap metal and further
provide for a Ferrous Scrap Metal
Monitoring Committee charged with
the responsibility of implementing and
enforcing the regulations.
2013 Amended the Internal Revenue
Regulations of 2000
2013 The regulations seek to promote
and maximise value addition and
job creation through the use of
local expertise, goods and services,
businesses and financing in the
petroleum industry value chain (so
far over half a billion Ghana Cedis has
accrued to Ghanaian businesses).