In this Act unless the context otherwise requires

"applicant" means a person who applies to a financial institution for a credit facility;

"Board" means the Board established for the Fund under section 6 of this Act;

"C.I.F." means cost, insurance and freight;

"commercial purposes" means the importation of non-petroleum products in commercial quantities;

"credit facility" includes credit guarantee, insurance, re-financing and any other facility so designated by the Board;

"enterprise" means an industry, project, undertaking or economic activity to which this Act applies or an expansion of that industry, undertaking, project or economic activity or any part of that industry, undertaking, project or economic activity;

"financial institution" means an institution incorporated under the laws of Ghana and recognised by the Bank of Ghana as carrying on the business of banking or providing credit to exporters and approved and designated by the Board to transact business for the purposes of this Act;

"Fund" means the Export Development and Investment Fund established under section 1;

"levy" means the import levy imposed under section 20 of this Act;

"Minister" means the Minister responsible for Trade and Industry;

"Ministry" means the Ministry of Trade and Industry;

"re-financing" means a loan given by a financial institution for on-lending to a specified customer of the financial institution.