NPP government to provide ¢100m to address housing problem

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NPP government in their manifesto reading at UCC promised ¢100m to address housing problem with NRAS. NRAS stands for the National Rent Assistance Scheme.

Here, all formal employees who seek rental accommodation but without the necessary rent advance , can apply for this assistance

In this scheme, the government will put aside some 100m cedis seed cash effective February 2021 ( if they should win the 2020 elections), where employees can apply for the payment of their * rent advance * by the central government

This advance will be paid directly to the landlord on behalf of the potential tenant/employee and subsequently the monthly rent would be deducted from the salary of this employee over time to pay off this loan!

From 2021, there would be no more the payment of employees for rent advance !!

Of course, all landlords must register with the scheme to benefit from this initiative!

Another social intervention from the government

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