(1) Despite the Fines (Penalty Units) Act, 2000 (Act 572) and any other enactment, fines in this Act in respect of foreign fishing vessels and local industrial and semi industrial fishing vessels are expressed in American dollars but may be paid in cedi equivalent except that where the payment relates to a foreign fishing vessel the amount shall be paid in American dollars.

(2) Fines paid in cedis shall be based at the official Bank of Ghana exchange rate between the cedi and the American dollar on the date of payment.

(3) A property forfeited under this Act or the Regulations, shall vest in the Republic and money realised from the sale of forfeited property shall be paid into the Fund established under section 36 of this Act.