Freehold vs Leasehold
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Freehold vs Leasehold
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This is why you can’t own a land forever in Ghana. Freehold vs leasehold #ghanarealestate #accraghana🇬🇭 #luxuryhomes #ghanaiansinthediaspora #ghanaiansabroad
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Lands in Ghana are not for sale but they are for lease. According to the Land Act, 2020 (Act 1036), Ghanaians are entitled to automatic renewal of leasehold interests. However, a landowner may lawfully refuse renewal if: 1. The land is required for public purpose or public interest. 2. The lessee has breached the terms of the lease, such as: • Using the land for a purpose other than what was agreed upon, • Misusing or neglecting the land, or • Failing to pay ground rent. 3. The land is needed by
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