(1) There is hereby established a body corporate to be known as the Ghana water and Sewerage Corporation.

(2) The Corporation shall, by the name assigned to it by subsection (1), be a body corporate and shall have perpetual succession and a common seal, may sue and be sued in such name and may for the purposes of this Act enter into contracts and other transactions.

(3) The Corporation shall have the power, for the discharge of its functions conferred by or under this Act, to acquire and hold any movable or immovable property and to sell, lease, mortgage or otherwise alienate or dispose of any such property.