The Government of Ghana will shortly present the Divestiture of Public Property Bill to Parliament, President John Dramani Mahama has announced.
The proposed legislation aims to establish a legal framework governing the sale, transfer, or privatization of state-owned assets, the President explained.
This disclosure was made during an address to Ghanaians in Zambia.
President Mahama emphasized that the disposal of public assets, including state-owned land, will necessitate parliamentary approval, underscoring the need for such decisions to be sanctioned by the people’s representatives.
“We found people buying government land at GHS150,000 and turning around to sell the same plots for $2 million. These are lands in prime areas and yet if you look at the value that they are giving and how much people buy them for and turn around and resell them, it just doesn’t make sense at all.”
“…I want to bring something to Parliament about divestiture of public property. If you want to sell public property, you would need the approval of the representatives of the people. So any public land processing will not be processed at the Land Commission unless it is ratified in Parliament. This will stop the rampant sale of government assets.”
By: Rainbowradioonline.com/Ghana
