There are no restrictions on
foreigners buying property in Ghana. However, different kinds of land, some of
which cannot be privately owned.
There are four types of land in
Ghana: Government Land, Vested Land, Customary/Stool Land, and Family/Private
Land.
To acquire Government Land or Vested
Land, an application must be filed with the Executive Secretary of Lands
Commission or the Regional Lands Officer, depending on the location of the
land.
Customary Land belongs to different
Stools in Ghana, who have the authority to grant the particular customary land
for which they are responsible. The 1992 Constitution states that there must be
no free hold interest granted in land.
Customary Land granted to private
individuals or families before the 1992 Constitution is now considered private
land. In this case, the buyer has to go directly to the owner of the land.
The services of a real estate agent
and a lawyer are needed in acquiring property. A title search is very important
to determine the ownership and kind of land the buyer is interested in. Once
all agreements have been settled, a Deed of Conveyance, or an appropriate
instrument of transfer (indenture), is prepared by the lawyer. Upon signing,
the title is transferred to the buyer, who, at the same time, pays for the
property.
The title is registered at the Lands
Commission Secretariat. Property registration takes around 382 days to
accomplish, with seven procedures.
Legal fees are regulated by the Ghana Bar
Association.follow us on twitter @ghpropertynet
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