(1) All assets, rights, obligations and liabilities of the Ghana Investment Centre established under the Investment Code, 1985 (PNDCL 116) and in force immediately before the coming into force of this Act, are transferred to the Ghana Investments Promotion Centre established under this Act.

(2) All persons employed by the Ghana Investments Centre immediately before the coming into force of this Act shall, on the coming into force of this Act be deemed to have been duly appointed under this Act.