Property rate to go up soon - Accra Mayor reveals

Property rate to go up soon - Accra Mayor reveals

- Accra mayor Nii Adjei-Sowah has revealed that property rates will go up

- He said plans are still underway to before the new rates are announced

The Metropolitan Chief Executive of Accra, Mohammed Nii Adjei-Sowah has said property rates would go up soon

He said the Accra Metropolitan Assembly is engaging with the public on the matter before the new rates are announced.

He made this revelation on the sidelines in an interview with Class91.3FM on the sidelines of a police workshop in Accra on Thursday, May 23, 2019.

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“We have not implemented the new ones yet and even without that the rates are going,” he said

In his address at the event, Nii Adjei-Sowah noted that the skyline of Accra is seeing a lot more high-rise building, some as high as 20 storeys or more, hence the need for an efficient property tax system to shore up revenue.

He said property rates were the main source of the assembly’s internally-generated fund but added that any rates implemented would be fair for property owners.

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The last valuation exercise was conducted in 2006. It is mandatory to re-value properties every five years.

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Source: Yen

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