The Deputy Minister for Ministry of Lands and Natural Resources, Yusif Sulemana, has announced a new premium framework for public land leases aimed at boosting government revenue and ensuring the state receives fair value in the allocation of public lands.
Under the policy, which is being rolled out in collaboration with the Lands Commission, prospective leaseholders will be required to pay at least 70 percent of the assessed market value of public land upfront as a premium.
Speaking at a press conference on Wednesday, March 11, Mr. Sulemana explained that the remaining 30 percent will be paid over the duration of the lease as ground rent.
According to him, the new arrangement is part of the government’s broader effort to strengthen transparency and improve returns from the management of state lands.
“The Ministry, working with the Lands Commission, has introduced a new premium framework for public land leases. Under this framework, a minimum of 70 percent of the assessed market value of public land will be paid upfront as a premium, while the remaining 30 percent will be spread across the tenure of the lease as ground rent,” he said.
Mr. Sulemana noted that the reform is designed to ensure the state derives maximum value from public lands while promoting greater accountability in land administration.
He added that the framework will also help align land allocations with their true market value and ensure that public lands are managed in a way that supports Ghana’s broader economic interests.