Rent

Ghana, like many nations, grapples with the issue of affordable housing for its citizens. Rent control is a crucial institution aimed at providing tenant protection and ensuring that housing remains affordable for the masses. However, the implementation of rent control laws in Ghana often falls short, leaving tenants vulnerable to exploitation by landlords. One pressing issue is the prevalence of landlords...

In the vibrant real estate market of Ghana, the age-old debate between renting and buying property continues to capture the attention of both locals and foreigners. This article aims to shed light on the pros and cons of renting vs. buying property in the Ghanaian context. Whether you're a local resident or an expatriate considering your housing options, this comparison will help you make an informed...

Section – 11 – Ministers’s Reference To Magistrate To Assess Recoverable Rent. The Minister may refer, in accordance with such regulations as may be made in that behalf, to the appropriate Rent Magistrate, to assess the amount of the recoverable rent of any premises. Section – 12 – Appeal For Variation Of Recoverable Rent Assessed By Appropriate Rent Officers. (1)...

In 1994, Massachusetts voters approved Question 9, a ballot initiative that banned rent control statewide. It was a vote in favor of economic fairness and basic property rights, and it established a consensus that has stood for 25 years: Rents should be regulated by supply and demand, not by politicians. For years, heavy-handed rules governing what landlords could charge for their property had wreaked...

Ghana has a growing housing finance sector. As the mortgage market does not yet meet the breadth of the population who might afford a mortgage, most households still finance their housing independently, with savings or non-mortgage credit. The lowest recorded interest rate on a mortgage in Ghana is 29 percent, and requires at least a 20 percent down payment. The cheapest newly built house by a developer...