The Impact of Infrastructure Development on Property Values in Ghana
As Ghana continues to grow and develop, infrastructure projects are playing a crucial role in shaping the landscape of its real estate market. At Loveridge Properties and Consult, we’ve observed firsthand how strategic infrastructure development can significantly impact property values, creating opportunities for investors and homeowners alike. In this blog, we’ll explore how infrastructure improvements drive property values in Ghana and highlight key projects making a difference. Enhancing Accessibility and Connectivity One of the most direct impacts of infrastructure development on property values is through enhanced accessibility and connectivity. New roads, bridges, and transportation networks reduce travel time, making previously remote areas more accessible. This increased connectivity attracts businesses and makes residential areas more appealing. Key Projects: Boosting Economic Activity Infrastructure development often boosts economic activity, leading to higher property values. The construction of new commercial centers, industrial zones, and business hubs creates jobs and attracts a workforce, increasing the demand for nearby residential properties. Key Projects: Improving Quality of Life Infrastructure improvements that enhance the quality of life for residents also contribute to rising property values. Projects such as new schools, hospitals, parks, and recreational facilities make neighborhoods desirable places to live. Key Projects: Urban Renewal and Development Urban renewal projects that revitalize older parts of cities can lead to significant increases in property values. These projects breathe new life into neighborhoods by improving infrastructure, renovating buildings, and enhancing public spaces. Key Projects: Conclusion At Loveridge Properties and Consult, we believe that understanding the impact of infrastructure development is crucial in making informed real estate investment decisions. The projects highlighted above are just a few examples of how strategic infrastructure improvements can enhance property values across Ghana. Whether you’re a potential investor or a homeowner, staying informed about these developments can help you capitalize on emerging opportunities in the real estate market. For more insights and personalized advice on real estate investment in Ghana, contact our Loveridge Properties and Consult team. We’re here to help you navigate Ghanaian real estate’s dynamic and ever-evolving landscape.
Ghana’s Supreme Court Invalidates Land Ownership in Teshie
The Supreme Court of Ghana, presided over by Chief Justice Gertrude Araba Esaaba Torkornoo, has invalidated the land ownership of the Numo Nmashie Family in Teshie, Accra. The ruling is based on a 1982 Court of Appeal decision that was found to be fraudulent, leading the apex court to expunge all registrations and certificates issued to the Numo Nmashie Family and the Tetteh Olewolon Family. The court also directed that all third parties in possession of the land and deriving title through the Numo Nmashie Family must attorn tenancy to the Boi Stool and relevant families. This ruling represents a significant legal development in the ongoing ownership dispute over the 72,000 acres of land in Teshie. The decision comes after a five-member panel of the Supreme Court analyzed the case and found that the original Court of Appeal ruling was based on false information. The fraudulent nature of the information presented to the court in 1982 led the apex court to overturn the previous decision and order the Lands Commission to carry out the necessary actions. The ruling has significant implications for the Numo Nmashie Family, the Tetteh Olewolon Family, and the broader community in Teshie. It is expected to have a lasting impact on land ownership and title disputes in the region. In the wake of this ruling, the Lands Commission has been directed to carry out the necessary steps to expunge all registrations and certificates related to the Numo Nmashie Family and the Tetteh Olewolon Family. Additionally, third parties in possession of the land must acknowledge the authority of the Boi Stool and relevant families. This development is a testament to the importance of transparency and due process in land ownership disputes. The Supreme Court’s thorough analysis of the case and the subsequent actions taken by the Lands Commission demonstrate the government’s commitment to resolving land disputes fairly and equitably. As the land ownership dispute in Teshie continues to unfold, it is crucial for all parties involved to remain vigilant and respect the ruling of the Supreme Court. The future of the land in question is now in the hands of the Boi Stool and the relevant families, as well as the broader community in Teshie. In conclusion, the Supreme Court’s invalidation of the Numo Nmashie Family’s land ownership in Teshie is a significant legal development that will have far-reaching implications for the region. The ruling serves as a reminder of the importance of transparency and due process in land disputes, and it is hoped that it will serve as a catalyst for continued dialogue and collaboration between all parties involved. Source: Graphic online
