16 November 2012

Ghana: Otumfuo Commended for Lease Documentation Project

The Asantehene, Otumfuo Osei Tutu II, and the Asanteman Land Secretariat, have been commended for their efforts at eliminating the problem associated with land acquisition, through the implementation of the Lease Documentation Project.

The Manhyia Palace has commenced a land documentation programme dubbed, "Lease Documentation Project," to facilitate the acquisition of lease and other documents on lands within the Kumasi Traditional Area.

The initiative is in line with Otumfuo's quest to promote socio-economic development with land tenure security as the backbone.

Against this backdrop, the Manhyia Secretariat has given all persons, groups and institutions, between November 12, 2012 and February 28, 2013, to obtain leases on their lands "at a highly reduced cost" under the project.

This, according to the Management of Eden Group of Companies, was a laudable initiative that would curb the numerous litigations surrounding land acquisition, and help improve investment opportunities in the region.

Addressing a news conference to commend the Asantehene for the initiative, the Chief Executive Officer of Eden Group of Companies, William Adom Boateng, said investors, individuals and corporate bodies who wish to acquire land property for their business, could now heave a sigh of relief, knowing that "there is an efficient and reliable means of securing land entitlement and tenure."

Mr. Boateng noted during the briefing that challenges with land lease would be a thing of the past, adding, "now some of us with landed property who had constraints with accessing lease can heave a sigh of relief; we can now access loans using our property as collateral to expand our businesses."

Meanwhile, the CEO of the company has called on individuals and corporate bodies to take advantage of the project, in order to get proper documentation of acquired lands.

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