Opinion: Why Dr Bawumia’s enhanced “National Rental Assistance Scheme” is a game-changer for Ghana

Ghana’s housing market has long been challenging, particularly for the youth and those with limited financial means. The issue of landlords demanding exorbitant rent advances—often two years or more—has created a significant barrier for many Ghanaians seeking decent accommodation.

This has led to a pressing need for a solution that addresses these challenges head-on.
Enter Dr Mahamudu Bawumia’s vision for an enhanced National Rental Assistance Scheme (NRAS), a transformative initiative that promises to reshape the housing landscape in Ghana.

As Ghanaians prepare to head to the polls on 7 December 2024, it is crucial to recognise how this scheme can make a profound impact on our society, which is why it is essential to support Dr. Bawumia in his presidential bid.

Tackling the burden of high rent advances

The current practice of demanding long-term rent advances is a significant hurdle for many Ghanaians, especially the youth, who are often just starting their careers and cannot afford to pay large sums upfront.

This requirement places an undue financial burden on individuals and families, pushing many into unsuitable living conditions or forcing them into informal and often unsafe housing arrangements.

Dr Bawumia’s enhanced NRAS aims to address this by providing financial support to tenants, ensuring they can meet rental obligations without crippling upfront costs.

This approach not only eases the immediate financial pressure but also fosters a more equitable rental market, allowing more Ghanaians to access safe and affordable housing.

Empowering the youth

One of the most significant impacts of the enhanced NRAS is its potential to empower the youth of Ghana. Young people are the backbone of our future, yet they face significant barriers to securing stable housing.

By eliminating the need for large rent advances, the scheme will enable more young Ghanaians to live independently, closer to their places of work or study, and in better conditions.

This empowerment is critical for fostering a productive and motivated youth population. With more secure housing, young Ghanaians can focus on their education and careers, contributing more effectively to the country’s economy and societal development.

Dr Bawumia’s vision recognises this and seeks to create an environment where our youth can thrive.

Supporting the financially weak

Beyond the youth, the enhanced NRAS is a lifeline for financially vulnerable Ghanaians. Low-income families, single parents, and individuals in unstable employment often struggle to meet high rent demands.

The scheme’s design ensures these groups receive the support they need to secure and maintain decent housing, improving their overall quality of life. This support is not just about providing a roof over their heads; it’s about offering dignity and stability.

Housing is a fundamental human right, and by facilitating access to affordable accommodation, Dr Bawumia’s initiative takes a significant step toward social justice and equality in Ghana.

Stimulating economic growth

A well-housed population is a productive one. By alleviating the financial pressures associated with housing, the enhanced NRAS will stimulate economic activity and growth.

People will have more disposable income to spend on goods and services, driving local economies and creating jobs. Furthermore, a stable housing market attracts investment, further boosting economic development.

Dr Bawumia’s vision for housing reform is not just a social policy; it’s an economic strategy that recognises the interconnectedness of housing stability and economic prosperity. By supporting his leadership, Ghanaians are choosing a future of economic strength and resilience.

Why Ghana should vote for Dr Bawumia

As we approach the election on December 7, 2024, it is vital to consider the long-term benefits of Dr Bawumia’s enhanced National Rental Assistance Scheme. His vision for housing reform is comprehensive, inclusive, and forward-thinking.

It addresses the immediate needs of vulnerable populations while laying the groundwork for sustained economic and social progress. Ghanaians must vote for Dr Bawumia to ensure that these transformative policies come to fruition.

His leadership promises a future where housing is accessible to all, where the youth are empowered to reach their full potential, and where economic growth benefits every citizen.

The enhanced NRAS is a bold step toward a fairer and more prosperous Ghana. It reflects a commitment to improving lives and building a nation where everyone has the opportunity to thrive.

On 7 December 2024, let us support this vision and vote for Dr Bawumia—a vote for hope, progress, and a brighter future for all Ghanaians. Dr Bawumia’s initiative is more than just a policy proposal; it’s a beacon of hope for many struggling with the current housing crisis.

It’s a plan that promises real change and a better quality of life for the people of Ghana. By voting for Dr Bawumia, Ghanaians are choosing a leader who understands their challenges and is committed to creating lasting solutions.

The writer is Nana Asare Baffour, Danquah Institute (DI)

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