The Lands Commission is set to reduce the incidences of landguards’ attacks in the acquisition of land with its new land documentation system.
The Ghana Enterprise Lands Information System (GELIS) aims at fast tracking the acquisition of land titles by using electronic platforms.
The move is also geared at reducing the turnaround time for land registration to one month from the four months, presently.
The program is to be piloted in five regions by February 2018.
But the Principal Lands Officer at the Lands Commission, Timothy Anyidoho is confident the program will drastically reduce unwarranted attacks from landguards in securing lands.
“We always say you have to identify the genesis of the landguards issue; we on our part will do the digital registration to ensure that people submit their applications with us, we process them quickly so that people can have confidence in the system so that quickly have their land title certificates or their deeds registered so that in terms of disputes, they can have the documentation done quickly.”
“What we need is collaboration from the land owners; i.e. the traditional rulers, the stools and individuals is that they themselves become transparent in the transaction because some are not totally truthful in the sale of lands,”
Mr. Timothy Anyidoho made the remarks at a housing developers’ seminar organized by HfC bank.
The program seeks to collaborate efforts of HFC bank and real estate players in bridging Ghana’s housing gap.
On his part, the Managing Director of HFC Bank, Anthony Jordan indicated that the bank will work to meet the demands of estate developers with the provision of long term financing options.
According to figures released by the Bank of Ghana, HFC Bank’s interest on mortgages is at 26.2 percent.
This measures to an industry average of 30.3 percent.
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By: Pius Amihere Eduku/citibusinessnews.com/Ghana
