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National Rental Assistance Scheme good but…. ghanaiantimes.com.gh - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ghanaiantimes.com.gh Daily Mail and Mail on Sunday newspapers.
Gov't Rolls Out Nat'l Rental Assistance Scheme With GHC30m Seed Money dailyguidenetwork.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailyguidenetwork.com Daily Mail and Mail on Sunday newspapers.
Ghana’s government has announced a loan scheme to help tenants pay the hefty advance rent (often covering two years) to private landlords. Advance rent is also prevalent in several other African countries. Scholars have highlighted several problems this advance rent payment poses to renters. They include psychological distress over difficulty in raising the funds, and forgoing basic necessities such as food, healthcare and leisure in order to save for the advance rent. Evidence so far suggests that it is the period over which tenants have to pay the advance rent that is the problem. It is not the rent charged that is the problem but the period over which it is multiplied to arrive at the advance rent. This also suggests that the problem is largely a housing supply problem. ....