The Potential of Land Bank for Urban Renewal in the Obuasi Municipality
Keywords:
Land, Bank, Obuasi, Municipality, Acquisition, Urban renewalAbstract
This study investigated the transformative potential of a Land Bank for Urban Renewal within the Obuasi Municipality, Ghana. Grounded philosophically in the Evolutionary Theory of Property Rights and augmented by Systems Theory, the research established crucial linkages between the Land Bank concept, urban renewal processes, and their interaction with socio-economic variables like education and location. The study adopted a mixed method design that is a combination of qualitative and quantitative methods of data collection. Questionnaire, interview guide and observation were used to collect data from 241 study participants. The findings from study indicated that a Land Bank can substantially resolve land acquisition issues by fostering market clarity, preventing duplicate sales, enhancing negotiation efficiency, improving access to reliable information, and promoting stakeholder harmony. Based on the findings, the study recommends comprehensive Land Bank implementation to effectively streamline land acquisition, integrating customary and statutory land tenure frameworks to minimize disputes and overlaps, and mandating a digitized land records system with a centralized database for enhanced transparency and fraud mitigation.
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Copyright (c) 2025 Abdul Waheed Farouk, Imoro Braimah, Charles Peprah, Eric Oduro-Ofori
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