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(1) Parliament shall provide the Commission with such funds Funding or a; it may require for the performance of its functions; and the commission may receive monies from any other source approved by the Minister responsible for Finance.

(2) There shall be paid on all imported frozen, salted or fresh fish such levy as the Minister shall in consultation with the commission determine.

(3) Monies paid under subsection (1) of this section shall be deposited into a fund to be known as Fishery Development fund which is hereby established for the promotion and development of the Fishing industry.

(4) The Fund shall be managed by the Minister in consultation with the Commission.

(5) The Fisheries Monitoring, Control, Surveillance and enforcement Unit established under section 28 of the Fisheries law 1991' (P.N.D.C.'L. 256) shall submit annual report on the fund established under subsection (4) of section 30 of that Law to the Commission.