Tag: Housing

The Government's Affordable Housing and National Mortgage Scheme:A Good Example of Public-Private Partnership and Matters Arising.
The Government of Ghana announced plans to implement some interventions in the housing and housing finance markets in its 2019 budget last year. A GH¢1 billion mortgage fund was to be established to leverage private capital to provide affordable houses for the populace. The fund aims to expand access to housing and deepen the local mortgage and construction finance market to help bring down the housing deficit, which is estimated at 1.7 million units. More
Outright purchase vs Mortgage
A personal mortgage enables people  who want to buy or build their dream home and pay back their loan over a long term. To help you achieve this important life ambition most financial institutions in Ghana, offer various home loan solutions to thier  customers. A mortgage is basically a loan from a financial institution secured with property collateral. More
Scrap the Rent Tax and Maintain the Real Estate Sales Tax
After over 3 decades of policy vacuum, characterized by piece-meal attempts to recognize housing in some policy documents by succeeding Governments, a new National Housing Policy was promulgated in 2015. This article argues that the 8% existing Rent Tax should be scrapp... More
Is there a Role for REITs in Developing the Real Estate Investment Market in Ghana?
The real estate investment and finance markets in most developing countries are generally undeveloped, and Ghana is no exception. Housing for instance is usually financed by individuals and households using “sweat equity” over a period of time, often between... More
Why do Landlords in Ghana charge Two-Years’ Rent in Advance? Neoclassical and Institutional Perspectives (Part II)
Introduction In part one of this article, we explored a neoclassical analysis of the rent in advance phenomenon in Ghana. While that analysis is valid, it assumes perfect information between landlord and tenants. In the real work, there is unequal information between la... More
Government Agenda to expand the Tax Base; From the Real Estate Perspective. Is TIN The Ultimate Element Missing?
The government’s effort to widen the tax base, in recent times, has seen a robust drive to get all income-earners to acquire a Tax Identification Number (TIN). A very laudable effort, if Ghana is to ensure good tax mobilization for development. The TIN, accordingl... More
Why Housing Minister Atta Akyea must hasten slowly in touching SSNIT Pension funds for ‘housing’
Housing deficit in Ghana is estimated as about 1.7 million affordable housing units. A lack of development finance has been identified as one of the limitations to affordable housing delivery. In an attempt to reduce the deficit, the Minister for Works and Housing, Lawy... More