Trasacco Homeowners Risk Losing Properties As Nungua Stool Demands New Agreement

• Traditional authority in Nungua, custodians of lands around East Legon and Adjiriganor, wants homeowners and residents of Trasacco Valley Estate to renew their purchase and tenancy agreements with the stool
• The Nungua Stool has warned that homeowners could lose their property if they fail to approach them for a new agreement
• The traditional authority cites a recent Supreme Court ruling that one of the estate developers in the prestigious residential enclave acquired the land wrongly

Homeowners and residents of Trasacco Valley Estate in East Legon and Adjiriganor risk losing their properties unless they atone their tenancy with the Nungua Stool.

The Nungua Stool, the traditional authority, has issued a notice dated September 1, 2022, explaining that one of the estate developers, Empire Builders, failed to acquire the land from the Stool, the rightful custodians of the land.

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Citing a recent Supreme Court ruling, the notice from the Stool to the Trasacco Valley homeowners urged them to approach the Stool on a new tenancy arrangement or lose their property.

The notice said: “per [the Supreme Court] judgment dated December 16, 2020 in the case involving inter-alia Empire Builders, Ernesto Taricone, Topkings Enterprise Limited and the Nungua Stool in the suit titled CIVIL APPEAL NO. MI0/2019…conclusively adjudged that, Empire Builders, the developers of the estate aforementioned, at all material times acquired no form of interest in any land from the Nungua Stool and that includes the land on which the aforementioned estates is situated.”

The notice requested residents and homeowners to formally engage the Nungua Stool secretariat to atone tenancy or risk losing their respective properties to the Stool.

“Please, take further notice that there shall be no other form of notice howsoever described to you concerning the atonement of tenancy; rather, steps shall be initiated to recover the land should you fail to proceed as requested,” the statement said.

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Trasacco Valley is among the prestigious residential areas in Accra and is located around East Legon, just off the Accra-Tema Motorway.

Cedi Sells Above GH¢10 To One Dollar At Forex Bureaus After Brief Marginal Appreciation

Meanwhile, YEN.com.gh has reported in a separate story that the marginal appreciation of the Ghana cedi against the dollar and other major trading currencies last week appears short-lived as the cedi sells above GH¢10 to $1 again.

As of Monday, September 5, 2022, forex bureaus in Accra are selling $1 for GH¢10.12 and buying it at GH¢9.90.

Last week, the cedi brought hope to many traders and Ghanaians in general when it started the last quarter of the year on a high note, appreciating marginally against the dollar at forex bureaus on September 1, 2022.

Source: YEN.com.gh