Property Taxes

Ghana, known for its rich culture, economic growth, and stunning landscapes, is an increasingly attractive destination for foreign investors seeking to purchase real estate or housing. However, understanding the legal requirements and processes involved in buying property or housing in Ghana as a "Foreigner" is essential to ensure a smooth and secure transaction. In this guide, we will explore the legal...

A mortgage is a legal agreement by which a bank, building society, etc. lends money at interest in exchange for taking title of the debtor's property, with the condition that the conveyance of title becomes void upon the payment of the debt. In other words, a mortgage is a debt instrument, secured by the collateral of specified real estate property, that the borrower is obliged to pay back with a...

Most Germans don't worry about owning their home. They just don't care and that is a fact. The country’s homeownership rate ranks among the lowest in the developed world, and nearly dead last in Europe, though the Swiss rent even more. Here are comparative data from 2004, the last time the OECD updated its numbers. (Fresh comparisons are tough to find, as some countries only publish homeownership...

Property Rates(also popularly called Property Taxes) in Ghana, are taxes  paid on properties on annual basis. This tax is collected and administered by the Metropolitan, Municipal and District Assemblies (MMDAs). However, it is vital to note that Rent Taxes, on the other hand, are collected by the Ghana Revenue Authority (GRA). Property tax is levied annually on the estimated value of the property,...

Property rates and rent taxes will soon be reviewed to reflect their current economic value, Dr Larbi Siaw, Tax Policy Advisor at the Ministry of Finance and Economic Planning has said. Read.... What Are The Property Rates In Accra? Property income taxation has long been seen as an area largely neglected by the country's tax authorities. Its share of GDP in Ghana is 0.03 percent, compared to an...