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Former Minister Cecilia Abena Dapaah Denies Undeclared Real Estate Business Allegations
Public urged to register lands purchased from traditional authorities with the Lands Commission
In International News
Australian home prices reached a new record high in September, 2023
Former Minister Cecilia Abena Dapaah Denies Undeclared Real Estate Business Allegations
Cecilia Abena Dapaah, former Minister of Sanitation and Water Resources, has vehemently refuted allegations made by the Office of the Special Prosecutor (OSP) that she was involved in an undisclosed real estate business.
The OSP had claimed that she obscured and concealed transactions using aliases, but Dapaah insists there is no evidence to support these allegations.
In an abridgment of time application to the court, Dapaah clarified that she had only sold a property in a representative capacity for her deceased mother, Nana Yaa Ode. She emphasized that she has no undisclosed real estate business.
Public urged to register lands purchased from traditional authorities with the Lands Commission
Mr. Saaka Ahmed Mustapha, the Head of Administration at the Regional Lands Commission in Tamale, has urged the general public to ensure that lands purchased from traditional Chiefs are duly registered with the Lands Commission to prevent potential disputes arising from double sales.
He emphasized that acquiring land from Chiefs does not automatically confer legal ownership.
Speaking in an interview with the Ghana News Agency (GNA) in Tamale, Mr. Mustapha clarified the misconception that acquiring land from a Chief, along with associated documentation, guarantees legal ownership.
He stressed that while Chiefs act as custodians of the land, the authority for land registration rests with the Lands Commission.
He again underscored the importance of prompt registration, explaining that if the initial purchaser initiates the registration process, the second buyer will be unable to register the land, thereby securing the rights of the first buyer.
In other news
In an interview on Marcopolis, Mr. Jude Kwapong, the Chief Operating Officer at Othniel Ghana, spoke about the substantial untapped potential within the real estate sector, particularly considering the government’s acknowledgment of a housing deficit of over 2 million units.
However, he noted that the industry has only scratched the surface, with approximately 8,000 to 10,000 homes being constructed annually, making it a long road to address the housing shortage fully.
He highlighted several challenges and circumstances impeding opportunities in the real estate sector, including issues related to land availability, infrastructure, funding, and foreign preferences for construction materials.
He also emphasized the importance of exchange rate stability in managing pricing challenges.
To navigate the highly competitive real estate landscape, Othniel Ghana has strategically positioned itself by focusing on prime city locations,
They prioritize the development of smaller communities, apartments, and townhome projects, aiming to provide a more exclusive living experience with fewer residents sharing facilities.
Australian home prices reached a new record high in September, with regions even recording double-digit growth this year.
Prices nationally have risen for nine consecutive months, climbing 0.35% in September and 4.31% year to date.
But it is capiAfter leading the downturn in 2022, the Sydney market has led the recovery.
House prices in the harbour city are up 7.93%, while units are up 5.24% year to date. Both house and unit prices have lifted across all greater Sydney regions so far this year.
In fact, four of the top 10 regions across the country where house prices have recorded the largest lift this year are in Sydney.
Total city home prices that have taken the lead in 2023 after falling for much of 2022.
Source : Diana Okyerebea & Joyceln Marigold -Africa Home Building Magazine