GENERAL NEWS

Rent bill before cabinet for approval

 

 

The Minister for Works and Housing, Samuel Atta Akyea says due to the shortcomings of the existing Rent Act, 1963 (ACT 220), which does not significantly address current challenges of rental housing in Ghana, a new Rent Bill (Rent Bill, 2020) has been prepared and presented to cabinet for approval.

Addressing the media in Accra this morning, the Minister said the review of the existing rent act is intended to safeguard the rights of vulnerable tenants who have constantly been outpriced by the uncontrollable hikes in the cost of renting accommodation in the country.

“The Bill seeks to ensure that, property developers are not discouraged from investing in the housing industry by rigid rent control mechanisms that suppress chargeable rent to artificial levels. Currently, the Bill is before Cabinet for approval,” the minister said.

The minister, therefore, called on landlords and tenants to be law-abiding more than ever considering the strain COVID-19 pandemic has had on the rental housing market in the country.

“Although the review of the existing Law is on-going, let me reiterate that the law governing the landlord-tenant relationship has not been suspended”.

The bill, when approved will mitigate the seemingly unfair practices of some landlords such as wrongful termination of contracts, eviction, and other outrageous demands for rent advance. This will bring some sanity to the rental system. Atta Akyea further announced that the Real Estate Bill, 2020, which seeks to establish the Real Estate Agency has been finalised and submitted to Parliament. He said the bill, when passed, will regulate real estate agency practices, real estate commercial transactions including the sale, purchase, rental, and leasing of real estate and related fixed assets.

Other bills that are at various stages of implementation according to the minister are Condominium Bill, Architects Bill, and the Ghana Hydrological Authority Bill.

Source: Peace FM

Ogyem Solomon

Solomon Ogyem – Media Entrepreneur | Journalist | Brand Ambassador Solomon Ogyem is a dynamic Ghanaian journalist and media entrepreneur currently based in South Africa. With a solid foundation in journalism, Solomon is a graduate of the OTEC School of Journalism and Communication Studies in Ghana and Oxbridge Academy in South Africa. He began his career as a reporter at OTEC 102.9 MHz in Kumasi, where he honed his skills in news reporting, community storytelling, and radio broadcasting. His passion for storytelling and dedication to the media industry led him to establish Press MltiMedia Company in South Africa—a growing platform committed to authentic African narratives and multimedia journalism. Solomon is the founder and owner of Thepressradio.com, a news portal focused on delivering credible, timely, and engaging stories across Ghana and Africa. He also owns Press Global Tickets, a service-driven venture in the travel and logistics space, providing reliable ticketing services. In addition to his media ventures, Solomon serves as a Brand Ambassador for Alabuga, a prominent Russian industrial company, representing their interests and expansion across Africa. He previously owned two notable websites—Ghanaweb.mobi and ShowbizAfrica.net—both of which contributed to entertainment and socio-political discussions within Ghana’s digital space. With a diverse background in media, digital journalism, and business, Solomon Ogyem is dedicated to telling impactful African stories, empowering youth through media, and building cross-continental media partnerships.

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