Government has announced a rental support programme, the National Rental Assistance Scheme (NRAS).
This initiative is to provide low-interest loans for eligible low-income earners.
The scheme is expected to reduce the burden of vulnerable groups having to fork out money as advance rent payment, and will be implemented in partnership with the private sector. Rent advance loans will be paid directly into the bank accounts of landlords’ registered with the Scheme. Government plans on spending GH¢30million to implement the Scheme.
The Minister for Works and Housing, Francis Asenso-Boakye speaking in an interview on Peace FM's morning show 'Kokrokoo' noted rental accommodation constitutes a significant share of shelter services in the country, hence the need for the programme.
“Because of the importance of shelter for humanity, the urgent need to provide support for lower-income households and the youth to access the minimum standard of decent accommodation cannot be over-emphasised,” he stated.
"We are not saying this answers all programmes but it's a step in the right direction. Pardon us if something goes wrong...it's still a learning curve so we will use feedback to improve upon the scheme" he added.
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