The Kwahu West Municipal Assembly has increased property rates by an average of 650%, a decision that has left property owners and residents in shock across the municipality.
Under the new directive, landlords and property owners are required to settle the revised rates within three months of receiving official notices. The Assembly has warned that failure to comply could lead to legal action, including court orders to sell properties in order to recover outstanding amounts.
The development has triggered widespread concern among residents, who say the increase is too steep to manage under current economic conditions.
Speaking to the media, a Nkawkaw resident identified as Master Benjamin said his property rate has jumped from about GHC200 to GHC1,500 — an increase of GHC1,300, representing roughly 650%.
He described the adjustment as a heavy burden on property owners and called on municipal authorities to reconsider the impact of such increases on residents.
According to notices issued by the Assembly, some property owners are expected to pay more than GHC4,000, while others face bills reaching GHC6,000.
The sharp rise in property rates is already having ripple effects on the rental market. Some landlords have reportedly passed on the additional costs to tenants through rent increases. Master Benjamin said his monthly rent, for instance, has increased from GHC200 to GHC600.
Reports from Nkawkaw suggest that several tenants have received similar rent adjustment notices from landlords.
Nkawkaw, already known for relatively high rental costs, is expected to experience further pressure on housing affordability as the new property rate regime takes effect.