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(1) The governing body of the Authority is a Board consisting of

(a) a chairperson,

(b) the Commissioner-General of the Authority,

(c) a representative of the Ministry not below the rank of a Director,

(d) a representative of the Ministry of Trade and Industry not below the rank of a Director,

(e) the Governor of the Bank of Ghana or a representative of the Governor not below the rank of a Deputy-Governor, and

(f) four other persons from the private sector two of whom are women.. .

(2) The President shall appoint the chairperson and members of the Board in accordance with article 70 of the Constitution.