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(1) There is hereby established a body corporate to be known as the Ghana Tourist Board (hereafter in this Decree referred to as the "Board"). [As amended by the Ghana Tourist Control Board (Amendment) Decree, 1977, (SMCD 80) s. 1].

(2) The Board shall have perpetual succession and a common seal and may sue and be sued in its corporate name.

(3) The Board shall have power for the discharge of any of its functions, or for any of its purposes, under this Decree, to acquire and hold any movable and immovable property and to dispose of such property, and to enter into any contract or other transaction.

(4) Where there is any hindrance to the acquisition of any property under subsection (3) of this section, the property may be acquired for the Board under the State Property and Contracts Act, 1960 (CA 6) or as the case may be, under the State Lands Act, 1962 (Act 125) and each such Act shall, as the case may be apply with respect to any such acquisition, with such modifications as may be necessary to provide for the vesting of the property acquired thereunder, in the Board and for the cost of such acquisition to be defrayed by the Board.