In this Act unless the context otherwise requires,

“Authority” means the Millennium Development Authority established under section 1;

“Board” means the governing body of the Authority provided for under section 8;

“chief executive” means the chief executive officer of the Authority appointed under section 16;

“Compact” means the five year Agreement between the Government of Ghana and the Millennium Challenge Corporation which governs the relationship between Ghana and the United State of America with regard to the implementation of Ghana’s Programme under the Millennium Challenge Account;

“Fund” means the Millennium Development Fund;

“Millennium Development Fund” means the amount of money granted by the USA Government to the Government of Ghana under the Millennium Challenge Account;

“Minister” means the Minister for the time being assigned responsibility for this Act by the President,

“observer status” means the right to attend meetings of the Board but without the right to vote on a decision before the Board.