(1) There is hereby established a management board for the Fund which shall be known as the Road Fund Management Board referred to in this Act as "the Board".

(2) The Board shall be composed of the following persons appointed by the President -

(a) the Minister for Roads and Transport or his representative who shall be the Chairman;

(b) the Minister for Finance or his representative;

(c) the Minister for Mines and Energy or his representative;

(d) the Accountant-General or his representative;

(e) the Minister for Local Government and Rural Development or his representative;

(f) two persons nominated from outside the Ministry of Roads and Transport by the Minister; and

(g) one representative from each of the following organisations nominated by the organisation concerned-

(i) the Association of Road Contractors;

(ii) the Ghana Private Road Transport Union;

(iii) the Ghana Private Enterprise Foundation;

(iv) the Ghana Road Haulage Association;

(v) the Ghana Institute of Engineers; and

(vi) the Ghana National Association of Farmers and Fishermen (Crops).