The Government of Ghana has duly launched the National Rental Assistance Scheme as a part of measures to present respectable lodging for Ghanaians.
Ghanaians above the age of 18 with a legitimate nationwide ID card and verifiable employment with an revenue, qualify for a rent mortgage in 5 to ten working days underneath the scheme.
Total rent is paid to the potential landlord of the applicant and the applicant in flip makes a month-to-month fee to the National Rental Assistance Scheme.
Applicants are anticipated to be evicted from the home or room in the event that they default on the month-to-month fee association.
The Scheme is anticipated to be rolled out throughout the nation however might be piloted in 5 areas particularly; Greater Accra, Ashanti, Western, Eastern, and Bono East Regions.
Speaking on the launch in Accra on Tuesday, January 31, vp Mahamudu Bawumia stated the 5 areas have been “selected for the pilot because they are where there is pressure on rent in the country.”
Dr. Bawumia stated, not like earlier insurance policies which are sometimes marred by defaulters, the National Rental Assistance Scheme is in collaboration with non-public buyers who wouldn’t need their investments to go down the drain and can use any means doable to retrieve their funds which can even get rid of any type of political interference.
He additionally disclosed that the federal government by means of the Ministry of Works and Housing has submitted a invoice to Parliament looking for to exchange the present rent regulation which was handed over 5 a long time in the past and has misplaced its relevance.
“I am happy to inform you that the government has made significant strives as far as the housing sector and renting management are concerned. Government acting through the Ministry of Works and Housing has submitted to Parliament for consideration and passage, a rent bill to replace the existing Rent Act of 1963 Act 220. The current Act was passed by Parliament 59 years ago and therefore its relevance has been outlived by the current population growth, urbanization, housing availability, and general trends.”
The vp additional confused that the passage of the rent invoice will improve the rental market in Ghana and provides entry to respectable lodging within the nation.
“Additionally, the passage of this Act will enhance the rental market in Ghana and we have the bill in Parliament and when passed, it will enhance the service delivery of the Rent Control Office.”
Ghanaians have been burdened with fee of Rent Advances for much too lengthy. Landlords and property homeowners have demanded advance funds of rent in extra of three years from potential renters.
This undue burden has been partly due to scarcity of reasonably priced housing as each authorities and personal builders have been unable to assemble sufficient of those kind of housing to accommodate the expansion and demand for most of these housing wants.
It is presently estimated that there exists a deficit of about 5 million rooms in Ghana as of December 2022; assuming every room is shared by 2 occupants. And this deficit is anticipated to worsen because the inhabitants grows and rural-city migration continues.
Based on these components, National Rental Assistance Scheme was shaped to supply rent reduction to the atypical Ghanaian renter; making it doable for rent funds to be made on a month-to-month foundation as rent is generally paid all through the world.
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