08/10/2026
Buying, selling, or renting property? Verify before you transact.
The Real Estate Agency Council (REAC) is urging real estate practitioners, developers, brokers, agents and other industry stakeholders to comply with the Real Estate Agency Act, 2020 (Act 1047).
Speaking during a UK-Ghana Chamber of Commerce and Akka Kappa Ltd webinar, REAC said breaching the Act can attract administrative sanctions, licence suspension or revocation, and criminal penalties. REAC also stressed that Ghana’s real estate sector is now cashless, with cash payments constituting a breach of the Act.
Additionally, REAC encouraged the public to verify the licence status of practitioners before engaging them and report issues involving clients, developers, brokers, or agents to them.
Tap https://youtu.be/haJZ1DvF45c for more on the Real Estate Agency Act and how it impacts your business.
Read more here https://ukgcc.com.gh/reac-urges-stakeholders-to-comply-with-act-or-face-sanctions/
Get Davide Pappoe's presentation slides here:https://ukgcc.com.gh/wp-content/uploads/2026/10/The-Real-Estate-Agency-Act-2020-Act-1047-the-Mandate-of-the-Real-Estate-Agency-Council.pdf