Thank God for reopening of Obuasi Mine, we will increase our rent from 500 cedis to 1,500 Cedis-Obuasi landlords

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Landlords and property owners in the golden city of Obuasi are beginning to count their blessings following the reopening of the Anglogold Ashanti Mine.

The landlords, speaking on an Accra based radio station said the bad economic situation following the shutdown of the Mine four years ago, forced them to reduce the annual rent from One thousand Ghana Cedis to Five Hundred Ghana Cedis as many of the youth in the area and potential tenants couldn’t afford the cost.

However, with the reopening of the Mine by President Nana Addo Dankwa Akufo-Addo on Tuesday, January 22, 2019, the landlords said they will effect a 100 or 200 percent increase and endeavor to recover all that they have lost in the past.

According to the landlords, it came to a point where people couldn’t even afford to rent accommodation as a result of the untold hardship that they found themselves in, following the closure of the Mine.

‘’When the Mine was operational, things were ok. We could rent out a room for 1,000 Ghana Cedis for a year, but when things went bad we had to reduce the rent to 500 Ghana Cedis and even with that, some people still found it difficult to rent because they are jobless. But with the reopening of the Mine, we know things are going to be ok and at least we can charge 1,500 Ghana Cedis per year’’ one of the landlords said.


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Kennedy Mornah is an Award Winning Ghanaian Journalist with over two decades of experience in the Ghanaian Media landscape spanning the electronic, print and digital media. He is a Media Consultant, a Corporate MC, Radio and TV Host, Founder and Publisher of the Maritime and Transport Digest Newspaper, Businessman, a Go getter and an optimist. He has worked for renowned media organizations including Diamond Fm in Tamale, Luv Fm in Kumasi, Oman Fm in Accra and Starr Fm in Accra In 2017 he received the Reporter of the Year Award at the Ghana Shippers Awards in Accra, Ghana.

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