Buy Land In Ghana
Buy Land In Ghana: Are you planning on buying land in Ghana? Read this article for more information on acquiring lands in Ghana, Reading this article will save you from all the trauma associated with buying lands in Ghana.
How do I buy land in Ghana?
Here are Things you need to know before buying a land in Ghana,
- Do due diligence.
- Search process.
- Obtain a cadastral plan.
- Hire an independent surveyor.
- All lands are sold as leasehold.
- Draft and sign a purchase and transfer agreement.
- Register with Lands Commission.
How to Buy Land In Ghana
Here is how to Buy Land In Ghana and have peace of mind,
You will need to go and see the land, make sure it is situated at a place of your liking, know the topography of the land, is it a waterlogged area or rocky? Let the landowner show you the land boundaries, usually indicated with pillars, rocks, or walls.
Make friends with the people living around the land. That way, you can be notified if there’s anything “out of place” going on, on your land. Do not pay any money as a down payment or anything of that sort at this point.
Search for the land
Search to verify land at Lands Commission. This verification will show you if the land is registered, who the owner is, the size of the land, and more. Present a site plan or indenture to make this easier.
The site plan, otherwise known as the cadastral plan, must be presented to you by your landowner. It defines the dimensions of the land and is usually prepared by licensed surveyors. The search for the land is relevant to avoiding litigation in the future.
Get your surveyor
Sometimes the site plan may not be enough to satisfy your curiosity. Trust is always in question when it comes to issues like this. It is possible that your landowners’ surveyor can reduce the size of the land on the site plan.
So get a trusted surveyor to do an independent survey. Sometimes, when you go to the lands commission to search for the land, they can give you a licensed surveyor to go with you to survey the land, to be sure. That is also very helpful.
Purchase and Transfer Agreement
After going to see your land, searching for it, and surveying it independently, and assuming you are satisfied with everything, you can now proceed to buy the land and sign a transfer agreement.
A Deed of Conveyance is prepared by a lawyer and is signed by the landowner, you, and some witnesses. The land title is then transferred to you after you pay for the property. The title will be registered at the Lands commission secretariat after you have paid some legal fees like stamp duty.
At the end of it all, the lands commission will present you with a title certificate to show that you are now the landowner.
It looks quite easy, but it can take months depending on how quickly and seriously you do follow-ups. It is important to be diligent in the process to be satisfied at its end and avoid a litigated land.
Foreigners must lease land long-term because they cannot buy land outright. They can lease it for 50 years.
Buy Land In Ghana
Can a foreigner buy land in Ghana?
There are no restrictions on foreigners buying property in Ghana. However, different kinds of land, some of which cannot be privately owned. Customary Land granted to private individuals or families before the 1992 Constitution is now considered private land.
How much does it cost to buy land in Ghana?
How many years can you own a land in Ghana?
The Constitution prohibits foreigners from owning land in Ghana and limits them to leaseholds of no more than fifty years.