International Bank for Reconstruction and Development (IBRD) Board of Governors resolution ; no. 106 : terms and conditions on which Ghana shall be admitted to membership in the bank

 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT BOARD OF GOVERNORS Resolution No. 106 Terms and Conditions on which Ghana shall be Admitted to Membership in the Bank WHEREAS, the Government of the Gold Coast, on August 8, 1956, applied for admission, on the attainment by that country of constitutional independence, to membership in the International Bank for Reconstruction and Development in accordance with Section 1(b) of Article II of the Articles of Agreement of the Bank; and WHEREAS, on March 6, 1957, the Gold Coast attained constitutional independence, changing its name to Ghana; and WHEREAS, pursuant to Section 20 of the By-Laws of the Bank, the Executive Directors, after consultation with representatives of the Government of Ghana, have made recommendations to the Board of Governors with regard to the application of that country for admission to membership in the Bank; NOW, THEREFORE, the Board of Governors, having considered the recommendations of the Executive Directors, hereby RESOLVES: THAT the terms and conditions upon which Ghana shall be admitted to membership in the Bank shall be as follows: 1. Definitions: As used in this resolution: (a) The term “Bank