Rent Charges Skyrocket

Dr. Philomena Nyarko

Rent charges in most cities in Ghana have been increased astronomically in recently due to high prices of petroleum products and depreciation of cedi against major foreign currencies.

Dr. Philomena Nyarko, Government Statistician, who disclosed this to BUSINESS GUIDE recently in Accra, said ordinary Ghanaians are helpless because they often fail to meet such demands.

“We are talking about transport, utilities, education, clothing, housing and recreation and culture. If you take housing, rent is really causing the high rise in inflation. For rent alone we are seeing an inflation rate of 66.6 percent as compared to last year which was around 15.5 percent,” Dr. Nyarko said.

According to her, tenants in most cities would pay more for rent than they did last year because of the drastic increase in inflation.

Tenants at Abeka Lapaz and Adentan now pay GH¢180 for single room self-contained which used to be GH¢150.

While those occupying two-bedroom self contained are now paying GH¢250 compared to GH¢200 last year.

Tenants at Spintex Road are paying between GH¢250 and GH¢350 for single room self-contained depending on the type of building.

The situation at Dansoman is slightly different, with tenants paying between GH¢500 and GH¢600 for the two bedroom house and GH¢180 for single room self-contained.