GSL Conveyancing & Drafting Practice Questions - Ghana School Of Law Professional Law Course Conveyancing And Drafting Exam

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How does the Land Act, 2020 (Act 1036) define a corporate body as a "non-citizen" for the purpose of land ownership restrictions in Ghana?

A company in which more than forty percent (40%) of the shares are owned by non-citizens. A company incorporated outside Ghana under foreign laws. A company with any foreign shareholding, regardless of the percentage. A company in which foreign nationals hold the majority of seats on the Board of Directors.

Correct Answer:

A company in which more than forty percent (40%) of the shares are owned by non-citizens.

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