The challenge of securing affordable housing has become a notable concern for young graduates transitioning from university or tertiary institutions into the workforce. Many landlords and property managers continue to require lengthy advance rent payments, often demanding one to two years upfront.
This practice creates significant obstacles not only for recent graduates beginning their National Service but also for citizens who face difficulties in gathering such substantial sums for rent.
In a pivotal meeting on June 28, 2024, with stakeholders from the National Tenants Union, the current administration led by H.E. President John Dramani Mahama recognized the necessity for reform.
The government has committed to promoting the construction of low-cost housing solutions specifically designed for Ghanaians, with a focus on supporting essential workers such as nurses, teachers, civil servants, and doctors, ensuring that everyone has access to safe and affordable living options.
In light of these developments, the NextGenda Youth Summit, spearheaded by founder, Mr. Alvin Etornam Anku, advocates for the government to reassess the current rent payment structure. Anku points out that requiring one to two years of rent upfront is unsustainable for many young professionals entering the job market. This expectation places an undue burden on graduates who are just beginning their careers.
He suggests that reimagining the rent payment policy could lead to more equitable solutions, such as implementing monthly or quarterly payment options. This shift would enable youth to better access decent housing while fostering economic growth and social mobility.
The NextGenda Youth Summit proposes that the government undertake a thorough review of existing rent payment regulations to create a more inclusive and youth-friendly environment.
Additionally, they encourage the establishment of measures to regulate rental prices and protect tenants from potential exploitation.
Anku emphasizes that tackling this important issue is vital for ensuring that young people can access affordable housing, allowing them to concentrate on their careers and contribute positively to Ghana’s development.
“I believe part of President Mahama’s reset agenda should focus on limiting upfront rent payments to six months or a year at most,” he stated.
He noted that by taking proactive steps forward, we can work together to foster a healthier housing market for our youth.
The group, driven by a heartfelt vision to empower young people to harness their potential for positive change in their communities, expressed genuine concern for individuals who see themselves as intermediaries between landlords and those seeking accommodation.
They compassionately urged the government to pay closer attention to this matter, recognizing the challenges many face in finding suitable housing.
Story By: Benjamin Bray
