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Ghana is expected to realise the full benefits of its land reforms agenda in the next 20 years from the start of its implementation.
This is the projection made by the Senior Lecturer at the University of Ghana School of Law, Kwame Gyan.
Speaking to
Newsfile host, Samson Lardy Anyenini Saturday, he said Ghana’s land reforms which began in 2003, are long term initiatives whose benefits will take time to manifest.
“The World Bank put in a lot of money to help Ghana fix the land administration system. But land reforms are long term national objectives. If you want to reap the dividends of a proper land reform agenda, you should be looking towards not less than two decades before you can really feel that something has changed on the ground. You are not looking at anything below 15 years,” he said.
Upgrading of Land Tenure Rights Act – a legal-histori
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Ex-minister Chombo caged
BY RICHARD MUPONDE/MIRIAM MANGWAYA
FORMER Finance minister Ignatius Chombo was last night detained at Rhodesville Police Station in Harare following his arrest on charges of fraud and criminal abuse of office over illegal parcelling out of State land.
Chombo, who allegedly committed the offences during his tenure as Local Government minister in the late former President Robert Mugabe’s government, is alleged to have connived with the former First Lady Grace Mugabe to illegally acquire State land.
He was detained after being interrogated by the Special Anti-Corruption Unit (Sacu), a unit in President Emmerson Mnangagwa’s office, following his implication as a key figure in the illegal sale of State land in Justice Tendai Uchena’s Land Commission report.
Despite Covid, 115 residents in Zwelethemba, Worcester WC, to receive title deeds and become home owners
In a first for the Breede River Municipality, the community of Zwelethemba, Worcester in the Western Cape, will receive 115 fully freehold title deeds in a ceremony that will take place over two dates, 9 and 17 February 2021 to comply with Covid-19 regulations. Sponsored by Remgro Ltd, the creation of 115 new home owners are the result of a partnership between the Municipality, Remgro Ltd and the Free Market Foundation’s (FMF) Khaya Lam (my Home) Land Reform Project.
The Breede Municipality Mayor Antoniette Steyn, Deputy Mayor Elein Sheldon, and Free Market Foundation Director Temba Nolutshungu will attend.
ON THE DECLINE: House financing is low
The Financial Stability Report has found the size of housing finance, as estimated by mortgages, to be substantially lower than regional standards.
By September this year, residential real estate sector mortgage loans stood at P14.2 billion, an increase of 1.8 percent from the P13.9 billion recorded in the same period last year.
However, the report states that as a ratio of household credit, mortgage loans constituted 30.2 percent of total loans, compared to 32.0 percent in September 2019.
The recently released development report, compiled by the Bank of Botswana (BoB), suggests housing finance is not proportionate with the needed development to fill the apparent need for housing, as well as the financing gap.
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