(1) Subject to this Act and in accordance with any other enactment, the Minister may, within the annual limit approved by the House of Assembly, borrow money on behalf of the Government in a form and from a domestic or external source and for a fiscal purpose, on terms and conditions to be agreed with a creditor.
(2) The Minister shall, by an affirmative Resolution of the House of Assembly, establish a ceiling on the aggregate amount of annual borrowings and stock of debt in the public sector.
(3) Debt raised by a statutory body, that is not funded by Government, is not a charge on the Consolidated Fund.