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(1) In the name and on behalf of the Republic, the President may in writing so far as may seem to him expedient in the public interest to do so-

(a) enter into agreements providing for the guarantee of any obligations undertaken by the Volta Aluminium Company Limited; and

(b) enter into agreements providing for loans by the Government of Ghana to the Volta Aluminium Company Limited, as provided in Article 8 of the Master Agreement.

(2) Moneys payable under any agreement referred to in subsection (1) are hereby charged on the Consolidated Fund.