Where a person not qualified to own a Ghanaian ship acquires by transfer, any interest, either legal or beneficial, in such a ship and uses the national colours of Ghana or assumes a Ghanaian national character, that person commits an offence and is liable on summary conviction to a fine not exceeding 2,500 penalty units or to a term of imprisonment not exceeding 3 years or to both and the interest of that person shall be liable to forfeiture under this Act.