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.