The Minister for Works and Housing, Kojo Oppong Nkrumah, has announced that his Ministry is making crucial amendments to the new Rent Act before it is presented to Parliament.
The revisions aim to make rent more accessible and regulated, preventing landlords from imposing exorbitant prices on rental properties.
Speaking in a one-on-one interview on Adom TV’s morning show, Badwam Thursday, Mr Oppong Nkrumah emphasized the importance of incorporating the role of a rent magistrate in the new bill to ensure enforcement.
“We are making some amendments to the new rent bill before we take it to parliament to help make rent more accessible and regulated. This is to prevent people from setting outrageous prices for renting their houses.
“One of the key amendments under consideration includes the role of a Rent Magistrate, who will oversee and enforce the regulations set out in the new rent bill. This move aims to prevent exploitation in the housing market and promote fairness in rental agreements,” he said.
Mr Oppong Nkrumah also highlighted the need for specific regulations governing hostel facilities, ensuring that these are clearly defined and not simply repurposed storage spaces being rented out at unreasonable prices.
The Minister emphasized the importance of defining what qualifies as a hostel, as opposed to makeshift facilities, and setting fair prices for these accommodations.
“An important aspect to consider in the new rental act is the regulation of hostels. There should be clear guidelines to distinguish between a proper hostel and just someone renting out a storage room as a makeshift hostel. The pricing of hostel accommodations and the regulations concerning hostel facilities should also be addressed,” he added.
The Housing Minister further stressed that these amendments are part of the government’s broader efforts to ensure fair and affordable housing for all citizens.
“The new bill is designed to strengthen the regulatory regime concerning prices, tenure, and the conditions of rented facilities while also addressing the need to increase the housing stock,” he said.
Source: Faridatu Seidu