REAC Conference 2025: A Step Forward for Ghana’s Real Estate Sector - Regulating the Ghana Real Estate Agency Sector - REAC
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REAC Conference 2025: A Step Forward for Ghana’s Real Estate Sector

24 Oct REAC Conference 2025: A Step Forward for Ghana’s Real Estate Sector

Posted at 13:48h in News by

On 15 October 2025, the Real Estate Agency Council (REAC), convened a national stakeholder engagement seminar at the Labadi Beach Hotel in Accra, under the theme: “Strengthening Real Estate Regulation Through Stakeholder Engagement and Collaboration.” (REAC)
The event brought together regulators, developers, real‐estate professionals, financial institutions, investors, consumer-representatives and policy-makers to deliberate on how to deepen regulation, enhance consumer protection, and attract responsible investment into the sector. (REAC)

Key Themes & Messages

1. Integrity & Compliance as Foundational Pillars

The Government signalled its intent to restore and reinforce integrity within Ghana’s real estate space. The Minister emphasised the need for stronger regulatory oversight to curb fraudulent practices, unlicensed agents, and unethical development activities. REAC reaffirmed that the enforcement of the Real Estate Agency Act, 2020 (Act 1047) is central to its mission — ensuring that brokers, agencies and developers are licensed, ethical and accountable.

2. Collaboration Across the Value Chain

The Government signalled its intent to restore and reinforce integrity within Ghana’s real estate space. The Minister emphasised the need for stronger regulatory oversight to curb fraudulent practices, unlicensed agents, and unethical development activities. REAC reaffirmed that the enforcement of the Real Estate Agency Act, 2020 (Act 1047) is central to its mission — ensuring that brokers, agencies and developers are licensed, ethical and accountable.

2. Collaboration Across the Value Chain

REAC highlighted that effective regulation cannot rest solely with the regulator. Strong partnerships between the public and private sectors, professional bodies, consumer groups, and financial institutions are essential to align policy, market practice, and consumer protection.

3. Technology, Data & Transparency

Speakers underscored the importance of technology in improving transparency through data-driven systems — including licensing registries, transaction tracking, and digital platforms. Leveraging these innovations can make the sector more efficient, credible, and investor-friendly.

4. Raising the Bar for Professionals

The conference stressed the need for higher standards in professional conduct, emphasizing licensing, continuing professional development (CPD), ethics training and compliance. A well-trained workforce builds consumer trust and enhances industry credibility.

Outcomes & Next Steps

  • REAC committed to intensifying enforcement of licensing requirements and disciplinary measures for non-compliance.
  • A roadmap for enhanced stakeholder engagement was outlined — including digital feedback systems and structured policy forums.
  • Development of the Legislative Instrument (L.I.) for implementing Act 1047 and an educational program for unlicensed practitioners commenced.
  • REAC announced plans to strengthen its data analytics framework for better market transparency and monitoring.
  • Registration of real estate firms officially begins on Monday, 3rd November 2025.
  • Professional bodies pledged to collaborate on training programs, consumer awareness initiatives, and digital transaction platforms.
  • The conference ended with a call for collective responsibility among all stakeholders to foster a trustworthy and resilient real estate sector.

Why This Matters

Ghana’s real estate market is evolving — driven by urbanisation, housing demand, foreign investment, and rising consumer expectations. However, challenges like unlicensed operators, poor transparency, and weak consumer protection persist.

By convening this national forum, REAC has demonstrated its commitment to shifting from reactive regulation to proactive, stakeholder-driven governance. This marks a turning point for the industry, promising greater accountability and professionalism.

Looking Ahead: What to Watch

  • Implementation of the Roadmap: The real test lies in translating conference commitments into real-world reforms.
  • Impact on Consumer Confidence: Improved transparency and enforcement could significantly increase public trust.
  • Industry Professionalisation: Monitoring how effectively standards and ethics are upheld will be crucial.
  • Data & Technology: Adoption of digital tools for licensing, compliance and analytics will shape the sector’s future.

In sum, the REAC Conference 2025 marked a pivotal step forward for Ghana’s real estate sector — bringing together the right voices, defining the right priorities, and setting a bold reform agenda. The next challenge lies in execution, but if collaboration continues, Ghana’s real estate industry is set for a more transparent, credible and sustainable future.

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