In this Act, unless the context otherwise requires.

"applicant" means a person who applies to a designated financial institution or any such approved institution for a credit facility;

"Board" means the Board established for the Fund under section 10;

"Credit facility" means any facility designated by the Board to serve as means of financial assistance or relief for an applicant under this Act;

"enterprise" means an industry, project, undertaking or economic activity to which this Act applies or an expansion of that industry, undertaking project or economic activity;

"financial institution" means an institution incorporated under the laws of Ghana and recognised by the Bank of Ghana as carrying on the business of banking or providing credit and approved and designated by the Board to transact business for purposes of this Act;

"Fund" means the Ghana Investment Fund established under section 1;

"institution" means a body corporate that is approved and designated by the Board to transact business for the purposes of this Act;

"Minister" means the Minister responsible for Trade and Industry;

"Ministry" means the Ministry of Trade and Industry.