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How Much Does It Cost To Buy Land in Ghana


Venturing into buying land in Ghana is no easy feat, especially when you know nothing about the laws governing land transactions. You may be duped or end up with land that has been the subject of dispute in court for ages with no end in sight. The chances that you end up with a legitimate transaction are very unlikely. You may be lucky to get a genuine deal, but the chances are slim.

Are you looking to purchase land in Ghana? Are you on the lookout for cheap lands for sale in Ghana? Do you want good land deals? If yes, you must speak to experts in this field before purchasing land. My name is Anita, a realtor at Sundance Limited. If you’re after information about buying land as a foreigner in Ghana, our company Sundance is here to help.

In this article, I will examine how much it costs to buy land in Ghana and where to find land for sale in Ghana. Read on to find out! If you need more information on buying land in Ghana, Sundance Estates can help. Feel free to add us on Whatsapp on 00233201924859. You can also join our Facebook group here.

How Much Does It Cost To Buy Land in Ghana?


In Ghana, foreigners are permitted to purchase land. However, there are several rules and limitations. The Land Act, 2020 (Act 1036) is the main legislation governing land acquisition in Ghana, specifying the steps and conditions needed to complete a land transaction. Foreigners need to note who they are purchasing the land from. In Ghana, there are several categories of land ownership.

These include family, public, private, and stool lands. Each category has a distinct procedure for acquiring such land. In most cases, the procedure entails speaking with the appropriate land-owning authority, such as a traditional stool, family, or governmental organization such as the Lands Commission or Customary Land Secretariat, and collecting the required land ownership documents in Ghana.

So, for instance, lands for sale in Kumasi, Ghana, are stool lands. Therefore, to acquire such land, the appropriate entity to contact is the stool or any representative of the stool. For non-citizens or foreigners, there are several restrictions on how long the leasing arrangement can last. The longest lease term a non-citizen may be privy to is 50 years or less, depending on the landowner. However, for citizens, leasehold agreements have a validity period of 99 years.

Important Steps To Buy Land in Ghana


When buying land in Ghana, here are some steps to consider when buying land from a landowner, chief, or land agent.

Research


Do extensive research on the region where you plan to buy land. Consider location, infrastructure, development plans, and land costs. Consult with verified real estate brokers to get you this information. So, if, for instance, you want a lush environment and quiet, with good climatic conditions to purchase land, there are available lands for sale in Aburi, Ghana.

Hire a Lawyer


Lawyer retainer fees are a small price to avoid getting the wrong deals on land sales. So, hire a qualified attorney with experience in Ghanaian real estate deals. They will guide you throughout the legal procedure, conduct due diligence on the property, confirm ownership, and ensure all required documentation is in order.

Visit the Property You Intend To Buy


Visit the property in person to examine the boundaries, access roads, surrounding properties, and other significant aspects. If you cannot make it in person, get a trusted person to do so. Make sure the land is appropriate for the purpose you have in mind, whether for farming, residential or industrial purposes. This is important so you do not get any unpleasant surprises after finalizing the land acquisition process.
How Can a Foreigner Register And Buy Land In Ghana?

Verify The Seller’s Credibility

It would be preferable to find out who your seller is and whether their identities are real. There are numerous ways to accomplish this. You can get in touch with the seller, look via online databases, or consult a land expert. Contacting the seller is the quickest approach to confirming their legitimacy. If the seller is open to this, you can ask for documents like property tax records, copies of identification cards, voter registration data, and court documents.

If the vendor is unwilling or unable to participate, this is a warning indication that you shouldn’t ignore. Others will also distribute those, so be careful to use due diligence to confirm that these records are accurate and in the databases of the organizations they claim to be registered to. In some real-life situations, people buy land from supposed agents whose identities are non-existent. So, do not skip this step.

Investigate The Land Titles


Before selecting to purchase land in Ghana, check the land titles. A property title certificate, a lease, or an indenture must all be present on the property, depending on the type of land. Ensure that your lawyer requests a land title search at the Land Title Registry of the Lands Commission to confirm the validity of the land papers and ensure that the property is free from liens, lawsuits, or other encumbrances.

Before you commit money to a purchase, be certain of what you’re getting. Due to unresolved legal matters or conflicting claims to the property, the land may also be valued less than you expect. By carefully reading the titles, you might feel more at ease and avoid unpleasant surprises.

Do A Land Search


An important step in purchasing land in Ghana is conducting a search at the Regional Lands Commission, where the land is situated. Make sure that the land documents you receive from the seller match those registered with the Department of Lands Commission, this is done. More specifics regarding the land you want to buy can be found by searching the Lands Commission’s database.

During searches at the Lands Commission, the site plan for the property is referenced. Generally, asking your surveyor to create the search site plan on your behalf is smart. Getting yours rather than one that certain suppliers may give is safer. Also, you can do some searches at the Customary Lands Secretariat, the courts, Collateral Registry, or even in the neighborhood where the land is situated.

Sales Agreement


Making a contract that will govern the transaction is the next stage. Let your lawyer draft a Memorandum of Understanding (MOU) or sales agreement specifying the purchasing land terms and conditions, including the purchase price, payment periods, and other pertinent stipulations. You can also buy the property provided it is properly documented and protected. Ensure that all of the terms the parties have agreed to are included.

Transfer of Interest and Payment


Ensure that the land interest is transferred to you, and the individual doing so should be authorized to sign the necessary documents. Additionally, the documents must coincide with the site plan’s borders. The paperwork should then be submitted to, registered with, and updated with the local Lands Commission if needed. You can then work with your attorney to make the required payments.

Depending on the agreed-upon terms, the payment may be made in full or as a series of installments, starting with a down payment. The vendor will transfer the land into your name once they have received full payment.

Register and Get a Land Certificate


The Lands Commission must be notified of the transfer of interest at the last stage. Your lawyer will assist in registering the land transfer at the Lands Commission or other suitable government office once you have paid the needed stamp duty, a tax on legal documents, at the Ghana Revenue Authority. Then, you will receive a land title certificate following registration, which indicates your proof of ownership over that piece of land.

Don’t be reluctant to register your ownership with the Lands Commission since only that organization can vouch for the legitimacy of your land ownership in Ghana.

Summary


In a nutshell, you should remember these steps to tick those boxes when acquiring land in Ghana. If you need more information on buying land in Ghana, Sundance Estates can help. Feel free to add us on Whatsapp on 00233201924859. You can also join our Facebook group here.

FAQs


How much is 1 plot of land in Ghana?

On average, one plot of land in Accra goes for about GHS 25,000.

How long do you own a land in Ghana?

Depending on the landlord, foreigners may hold leasehold interests in agricultural, commercial, residential, and industrial land for up to 50 years or less. The maximum limit regarding interest in land in Ghana is 50 years, not more. Ghanaians can hold leasehold interests in land for up to 99 years.

What are the best locations to buy land in Ghana?

The best locations in Ghana to buy land include Tema, Prampram, Amasaman, Adjiringanor, and Spintex, in the Greater Accra Region, and some parts of Kumasi, like Ahantan, Santansi, and Ahodwo. Other great areas also include Akosombo and Aburi in the Eastern region.

How much can you buy land for in Ghana?

Land prices vary from GHS 21,000 to about GHS 900 000 000.

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