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Category Archives: Ghana
What to Know about the National Rental Assistance Sche...
The Ghana government on Tuesday, launched the National Rental Assistance Scheme (NRAS) to provide rent loans to both formal and informal sector workers with verifiable and regular income. The first phase of the scheme to be implemented with GH¢30 million will provide eligible Ghanaians with a mechanism to pay low monthly rent, which effectively removes the need for rent advance payment within five regions …
Rental Housing Association of Ghana Launched
The Rental Housing Association of Ghana (RHAG) has been launched with a focus on addressing issues pertaining to the improvement of the rental housing industry in Ghana. The association would also serve as a voice of advocacy for all stakeholders within the rental housing space in Ghana. RHAG is made up of property managers, landlords, property managers companies, real estate managers, rental housing management, …
Considerations for Landlords Before Renting Property i...
Mr. Emmanuel Horvey Kporsu, PRO Rent Control Department has reiterated that any property owner who wants to venture into the property rental business must first equip him or herself with the laws of the country governing the sector. Speaking on National Television, Mr. Kporsu indicated that no landlord or property owner can rent out their facilities without due process. He added that you cannot …
5 Mortgage Providers In Ghana You Need To Know
Housing or shelter is considered as one of the most important basic needs in everyday society and it’s a dream come true for many people. However, not everyone has the means to accomplish that desire. This is where mortgages come in to save the day. Mortgages are loans taken to buy homes or property. In Ghana, the following financial institutions can be considered when it …
Ghana Gov’t Commits to Litigation Free Lands for Diasp...
The Minister for Finance, Ken Ofori-Atta has assured the diaspora community of the Government of Ghana’s commitment to ensuring Land Security for their Real Estate Investment in the Ghanaian property market. In response to a question regarding efforts of the government to attract more diaspora investments into the real estate sector during his media engagement after the Ghana Diaspora Investment Summit organized by the …
Ghana Ranked 2nd Most Peaceful Country in Africa
Ghana has been ranked the second most peaceful country in Africa in the 2021 Global Peace Index report by the Institute for Economics and Peace (IEP). The IEP is an independent, non-partisan, non-profit think tank dedicated to shifting the world’s focus to peace as a positive, achievable, and tangible measure of human well-being and progress. A look at the snapshot of the global state of peace as …
An overview of the Ghana Real Estate Agency Act
Inside the Real Estate Agency Act Under the law, it is only a person licensed as a real estate broker who can provide services associated with real estate transactions. Therefore, any person who performs real estate services without a license commits an offence. The persons who are eligible to be issued with the license are: a. individuals who have passed an examination conducted by …
Ghana Lands Commission to Digitize Records
The Lands Commission has completed digitisation of its manual land records of four land districts in the Greater Accra Region. The exercise, which was done in collaboration with the Office of the Vice President, aimed at fast-tracking land title registration, searches, site plan preparation and other essential documents by the public. The pilot digitalisation process started in 2019 in parts of Accra and would …
Regulation of Real Estate Agency Services will rid Ind...
Dr Jonathan Zinzi Ayitey, a Senior Lecturer, Kwame Nkrumah University of Science and Technology, has stressed the need for the regulation of real estate agency services to rid the industry of fraud, laundering of illegal income, and tax evasion. He said appropriate regulation would minimise the effect of the vices on the national economy and enhance the international image of the country. Dr Ayitey …