The Ghana Real Estate Developers Association is calling on government to channel the resources meant for the National Rental Assistance Scheme to estate developers.
According to GREDA, that will help bridge the housing deficit in the country.
A GH¢100 million seed fund has been allocated for the commencements of the National Rental Assistance Scheme in the 2021 budget presentation, to enable eligible Ghanaians acquire rent in advance.
But Executive Secretary of GREDA, Samuel Amegayibor says bridging the housing deficit and its affordability should be the priority.
“Any intervention to assist frustrated Ghanaians with a huge rental advance; I think it is in the right direction. However, we are of the view that the issue of rent advance is only based on demand and supply and that there are only few houses for rental. That is why landlords seem to be taking advantage of the situation and are charging huge rental advance,” he noted.
He further said “and so we were of the view that if we had channeled most of the resources that are available to us [GREDA], to rather look at the issue of increasing the housing supply to make more houses available on the market, it will automatically shrink and reduce the tendencies of Landlords taking advantage of tenants.
According to Majority Leader, Osei Kyei Mensah Bonsu, who presented the 2021 Budget to parliament, the scheme will help eligible Ghanaians pay their rent in advance, thereby reducing the financial burden that comes with acquiring a home.
Latest Stories
-
Togbe Adzie Lãkle Howusu XII endorses youth leadership as New Force Movement gains momentum
25 mins -
Public Utility Workers Union appeals to PURC to address power crisis
46 mins -
Anbariya loses another appeal in Kumasi as Appeal Court ratifies High Court ruling against the Islamic Institute
1 hour -
Highway construction health hazard: Ofankor-Pokuase-Nsawam residents appeal for dust relief
1 hour -
SuperJazzClub releases its first single of the year ‘Off’
1 hour -
Methodist Church to lobby Akufo-Addo for expedited assent to anti-LGBTQI+ Bill
1 hour -
Spare health facilities from unplanned ‘dumsor’ – Minority to government
2 hours -
Eritrea Observed World Tuberculosis (TB) Day 2024
2 hours -
Just give us ‘dumsor’ timetable to plan our operations – GMA tells ECG
2 hours -
Parliament petitions Chief Justice for an expedited hearing of cases against anti-LGBTQI+ Bill
2 hours -
The Attorney General vs NDC impasse – why they ‘fight’
3 hours -
High Court orders teacher unions to end strike
3 hours -
‘He worked with all staff irrespective of their status’ – GRA hails Dr Ammishaddai
3 hours -
Zack Orji underwent two brain surgeries; he is fine – Actors Guild of Nigeria President
3 hours -
Another accident leaves 5 police officers injured in Nsawam
3 hours