Navigating Land Acquisition Hurdles in Ghana’s Real Estate Development

Abstract

Purpose – This study focuses on investigating the challenges associated with land acquisition for real estate development in the Ashanti Region of Ghana. The aim is to identify these challenges and propose ways to mitigate them, thereby facilitating the growth of the nation’s real estate market. Design/Method/Approach – The study employed the use of structured questionnaire to gather data from caretaker chiefs, land officers, and real estate developers in the Ashanti Region of Ghana. Secondary data were also gathered from various literary sources. Data analysis was conducted using the Relative Importance Index (RII), with Microsoft Excel serving as the primary analytical tool. Findings – The study unveiled several difficulties in land acquisition, salient among which include boundary conflicts, delays in title registration, high registration costs, issues with multiple transactions, and fragmented title registration processes. Research Limitations/Implications – This study is confined to the Ashanti Region of Ghana, and therefore may not fully represent the challenges encountered in other regions. To better understand regional disparities, the research accentuates the necessity for additional comparative investigations across different regions. The proposed solutions may need adjustments to accommodate specific regional circumstances. Originality – The study provides recommendations for alleviating the obstacles related to land acquisition in Ghana’s real estate sector and offers insights into these challenges. The suggested remedies include the introduction of technology, the establishment of a one-stop shop for land services, expedited land acquisition and payment system, the selection of trustworthy chiefs, and educational initiatives. Implementing these recommendations could enhance secure land rights, stimulate economic growth, and simplify the land acquisition process in Ghana’s real estate development industry. Further research in this field is encouraged to develop tailored solutions for different regions of the nation.