This paper, based on literature evaluation, interrogates LVC in the context of Ghana’s land administration regime with a view to assess its plausibility as urban infrastructure financing tool.
Infrastructure is essential for socio-economic development. Yet cities in Ghana continue to suffer infrastructure deficit. Lack of finance is identified as a major cause for the deficit. It is now emerging that land value capture (LVC) could be a useful tool to source part of the rising urban land and property values in the country to finance urban infrastructure development. However, application of the tool, in part, requires a sound land administration regime. Based on a systematic identification and evaluation of relevant literature, this study explores the potential of LVC to finance urban infrastructure development in the context of Ghana’s land administration system. The study establishes that although Ghana’s land administration system is weak, there is a potential for LVC to take off and support urban infrastructure financing.
However, for long term policy purpose, there is a need for the land administration problems to be addressed, and programmes for LVC implementation carefully designed. Further, given that there are several LVC instruments, it is recommended that government policy makers and implementers, and academics undertake in-depth analyses of the various instruments to determine suitable areas and considerations for their successful implementation.
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