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Ghanaian Speaker tasks FG on review of import prohibition list


Alban Sumana Kingford Bagbin
Speaker of Ghanaian Parliament, Alban Sumana Kingford Bagbin, has advised the Federal Government to review the list banning importation of specific commodities into Nigeria.
He pleaded with the Nigerian authorities to fine-tune the policy to align with contemporary international trade practices, pledging his parliament’s support to end the impasse between traders of both countries.
Bagbin, who was addressing the House of Representatives at plenary, presided over by its Speaker, Femi Gbajabiamila, yesterday in Abuja, hinted that his leadership had appointed a seven-member committee as his country’s delegation to the joint committee of eminent persons of both nations’ legislatures to ensure enactment of the Ghana-Nigeria Friendship Act. ....

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Ghana Issues Only 50 Years Leasehold for Property Foreigners Buy


Bennett Oghifo
Nigerians, and other foreigners, who are planning to acquire property in Ghana should know they are entitled to a leasehold of 50 years only, but it can be renewed if the holder desires.
Individuals and businesses can buy property in Ghana. If their interest is land purchase, then they may choose from the five types of land available. They can also buy a building or buildings and in all cases prepare their 50 years lease document in collaboration with their vendor and this will be taken to the Ghana Lands Commission for authentication and processing. The only document required during property purchase is the identity of the Nigerian or non-Ghanaian, for instance, a passport. Businesses with over 40 per cent non-Ghanaian ownership-structure are considered foreign. Officials of this Commission said it takes 140 days to complete documentation. They are working on reducing the time to process leasehold to 30 working days, but now it is between 90 days and 140 da ....

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