When walking through almost any neighborhood in Ghana you are bound to come across uncompleted buildings. From residential to commercial buildings that can be in the construction stage from foundation to lintel. Typically these buildings have squatters living in them and are an eyesore due to the weeds and bushes that grow around and inside of them. Since most neighborhoods do not have intrusive home owner associations. Building time frames can range from 6 months to 10 years. Yep, that is a huge gap in time frame but it’s all about your budget that will determine how fast your building will take to be completed. 

Ghana’s Ministry of Lands and Natural Resources is working with parliament to create  regulation or some form of legal framework to reduce the number of uncompleted buildings. By developing a new way to take into account the value of the land. Using this in addition to the structure on the land to evaluate the value of the property. Thereby, increasing the value of the land. If passed this will likely be applied to lands owned by the state and any structures on said land would be in violation due to encroachment. There is a law on the books already that regulates property rates but it does not include land as a variable for valuation of property. As of now the property is valued based on the structure and not the value of the land. Unfortunately, the current law is not being applied by those in the real estate industry as property values are astronomical in some parts of the country, like Accra. Only time will tell if the aforementioned becomes law and how the facade of some neighborhoods in Ghana will change.

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