The Minister-Designate for Lands and Natural Resources, Emmanuel Armah-Kofi Buah, has strongly opposed the undervaluation and sale of public lands, advocating for transactions to reflect prevailing market rates to safeguard Ghana’s interests.
Speaking during his vetting by Parliament’s Appointments Committee on Monday, January 27, Armah-Kofi Buah criticised existing practices that allow public lands to be sold at significantly reduced rates.
He described this as a detrimental approach that undermines national development.
Armah-Kofi Buah highlighted current guidelines used by the Lands Commission, which value public lands at just 25 percent of their market value, with the remaining balance paid through ground rent.
“As we speak, the guidelines for the sale of public lands according to the Lands Commission is that it is valued at 25 percent and the 25 percent of the value is what is sold and the rest is paid through ground rent,” he explained.
Create a free binance account
The Minister-Designate firmly stated his intention to end this practice, stressing the need to prioritise the nation’s financial interests.
“That will not happen anymore, and first of all, it should not be sold and if there is a need to sell, it should be done at the current market value so that Ghanaians are not shortchanged” he declared.
Source:Mybrytfmonlinec.com/Emmanuel Anyigba, parliamentary correspondent
