The Eden Group of Companies has lauded the ‘Lease Documentation Project’ initiated by the Asantehene, Otumfuo Osei Tutu II, to reduce the cost of leasing lands within the Kumasi Traditional Area.
Executive Board Chairman of Eden, William Adom Boateng believes the project will curtail the incidence of land litigation and help protect individual and corporate property.
All persons, groups and institutions have between November 12, 2012 and February 28, 2013 to obtain leases on their lands “at highly reduced cost” under the project.
People seeking acquisition of land, especially for investment purposes, often experience delays, legal tussles, and inefficiencies in land administration.
According to the Manhyia Palace, the lease documentation project is a pragmatic approach to remove delays in formalizing all land grants in the traditional area by making land documentation affordable.
This is in line with the Otumfuo’s quest is to promote socio-economic development with land tenure security as the backbone.
“Challenges with land lease should be a thing of the past. Now, those of us with landed property but constrained with accessing lease can heave a sigh of relief; they can now access loans using their property as collateral to expand their businesses”, observed Mr. Adom Boateng.
“We commend the King and his elders for this initiative and hope people will take advantage of this to get proper documentation of acquired land” he added.
Meanwhile, Mr. Adom Boateng has extended condolence to bereaved families in the Melcom building disaster in Accra and prayed the company overcomes the tragedy to stay in business and affect lives positively.
He also enjoyed the Ghanaian youth and the media to lead the crusade for peaceful Election 2012.