10/07/2026
๐๐ฒ๐ณ๐ผ๐ฟ๐ฒ ๐ฌ๐ผ๐ ๐๐๐ ๐ผ๐ฟ ๐ฅ๐ฒ๐ป๐ ๐ฎ ๐ฃ๐ฟ๐ผ๐ฝ๐ฒ๐ฟ๐๐, ๐๐๐ธ: ๐๐ ๐๐ ๐๐ฒ๐ถ๐ป๐ด ๐จ๐๐ฒ๐ฑ ๐ฎ๐ ๐๐ผ๐น๐น๐ฎ๐๐ฒ๐ฟ๐ฎ๐น?
The recent caution from the Bank of Ghana (BoG) carries an important message for anyone entering the property market: don't only verify who is offering you the property;verify whether the property has already been pledged as security for a loan.
The BoG's Collateral Registry provides a platform for searching whether assets, including land and buildings, have registered security interests. The Registry specifically allows the public to check whether a property they intend to acquire has been used as collateral.
What does this mean for you?
1.PROPERTY BUYERS:
A collateral search can reveal an existing security interest that could affect the transaction. It gives you another layer of protection before committing your money.
2.RENTERS & LESSEES:
Before entering a long-term lease, understanding the property's encumbrance status can help you assess potential risks associated with the landlord's ability to deal with the property. It should form part of broader due diligence; not replace it.
3.PROPERTY INVESTORS:
It helps investors make decisions based on the property's actual legal and financial position rather than relying solely on the seller's or landlord's representations.
4.FINANCIERS:
It provides lenders with greater visibility over existing security interests and helps reduce the risk of lending against already encumbered assets.
But remember: a collateral search is not the entire property due diligence process. Ownership, title, Lands Commission records, litigation, planning restrictions, physical inspection and other relevant checks still matter.
See the opportunity. Trust the verification. Engage before committing. Inquire before signing. Consult before transacting.
If you are buying, renting, leasing, financing or negotiating property, I am Nii Oto Cofie, a Real Estate Consultant. Call me before a hidden property problem becomes an expensive one.
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