The Stamp Duty Act, 2005 (ACT 689).

The Stamp Duty Act, 2005 (Act 689) is a comprehensive legislation that consolidates and modernizes Ghana's stamp duty laws. It prescribes duties on a variety of instruments, including conveyances, leases, and mortgages, based on their value (ad valorem). The Act provides detailed instructions on when and how to stamp documents, and imposes penalties for noncompliance. It also offers exemptions for certain transactions, such as those related to the government or charities. The Act empowers the Commissioner to assess, manage, and collect stamp duties. Furthermore, it stipulates procedures for dispute resolution, appeals, and enforcement measures to ensure compliance and proper revenue generation. This Act is a crucial piece of legislation in the context of land governance and tenure security, as it directly impacts transactions involving land and property.