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(1) There is established by this Act a body to be known as the Ghana Institute of Management and Public Administration.

(2) The Institute shall be a body corporate with perpetual succession, a common seal and may sue and be sued in its own name.

(3) The Institute may for and in connection with the discharge of its functions acquire and hold any movable and immovable property and enter into any contract or other transaction.

(4) The institute shall operate under the Office of the President and shall be affiliated to the National Council for Tertiary Education.

(5) Where the Institute has resolved and the Government has agreed that the acquisition of land or a right over land is necessary for the Institute, the land may be acquired for the Institute under the State Lands Act, 1962 (Act 125).