Theophilus Dzimega, a legal practitioner, has cautioned the public to only engage in land business transactions with agencies operating under Ghana’s land and real estate laws. Dzimega emphasized that the Land Act, 2020 (Act 1036) and the Real Estate Agency Act, 2020 (Act 1047) regulate the operations of real estate agencies in the industry, offering protection to land buyers against money laundering and land guard issues.
Sedan Landbank Launch
Speaking at the launch of real estate company Sedan Landbank, Dzimega highlighted that these Acts enable easy tracking of real estate agencies’ activities by taxpayers and regulatory bodies. He further warned that non-compliance could lead to a five-year penalty or fines.
Sedan Landbank has been established to provide additional avenues for investors to maximize the potential value of landed properties. In their land business the company offers both serviced plots and opportunities for individuals and organizations to invest in various aspects of the real estate and property value chain according to their investment objectives.
The newly unveiled New Airport City in the Ningo Prampram District is one of Sedan Landbank’s initial developments. The theme for the launch was “Land is Wealth” and notable figures like Ningo-Prampram District Chief Executive Al-Latif Amanor passed through.
Secure Land Business Opportunities
Sedan Landbank’s Managing Director, Agnes Gyan-Agyei, assured investors of enduring value and opportunities for future generations. The company’s Commercial Director, Evelyn Nana Ama Yebuah Tandoh, also highlighted how Ghana’s rapid economic growth and urban development have created a favorable landscape for land banking investments.
Tandoh emphasized that Sedan Landbank enables individuals to own land parcels with high growth potential, offering a straightforward investment process. The company identifies high-growth areas through market analysis, aiming to provide customers with remarkable returns. Tandoh also acknowledged concerns about land security and litigation and assured potential customers that Sedan Landbank had taken these concerns into consideration.
As the company seeks to contribute to Ghana’s real estate sector and tap into the country’s growth trajectory, it particularly remains committed to transparent and valuable real estate investment opportunities.
All in all the launch of Sedan Landbank signals a potential shift towards more informed and secure real estate investments in line with Ghana’s evolving legal framework.
