GREPA reaffirms moral requirements, installs new board and expands worldwide technology integration – Life Pulse Daily
Editor-in-chiefDecember 30, 20254 Mins read58
GREPA Reaffirms Ethical Standards and Unveils 2026–2028 Executive Board
Life Pulse Daily – The Ghana Real Estate Professionals Association (GREPA) has officially inaugurated its 2026–2028 Executive Board, marking a pivotal leadership transition. This event underscores the Association’s unwavering commitment to ethical compliance, sustainability, and the expansion of worldwide technology integration within Ghana’s real estate sector.
Introduction
The real estate landscape in Ghana is undergoing a significant transformation, driven by a renewed focus on professionalism and global connectivity. On December 12, a historic inauguration ceremony took place at The Hive, ICGC Christ Temple in Accra. This event brought together real estate practitioners, regulators, government officials, and key stakeholders to outline a forward-looking agenda for the industry.
The gathering was not merely a changing of the guard; it was a strategic declaration of intent. Under the leadership of GREPA Founder and CEO Victoria Osei Sampah, the Association is pivoting towards stricter adherence to its constitution, respect for regulatory frameworks, and a deepening of public trust. This article explores the key highlights of the inauguration, the strategic direction set by the new leadership, and what these changes mean for real estate professionals in Ghana and beyond.
Key Points
- New Executive Board: The 2026–2028 Executive Board was officially installed, with Mr. Kofi Adabor Ofori Amanfo assuming the role of President.
- Ethical Governance: Leadership was urged to guide with integrity, unity, and accountability, strictly adhering to the GREPA Constitution and Bylaws.
- Global Recognition: Several professionals were pinned as REALTOR® International members, symbolizing a commitment to global ethical standards.
- Technology Integration: The Association emphasized the expansion of the Multiple Listing Service (MLS), syndicating Ghanaian property listings to global markets via realtor.com.
- Regulatory Collaboration: There is a strengthened focus on compliance with the Real Estate Agency Act, 2020 (Act 1047) and collaboration with the Real Estate Agency Council (REAC).
- Sustainability Focus: Government officials urged the industry to embrace green development as a core pillar of future growth.
Background
To understand the significance of this inauguration, it is essential to look at the context of the Ghana Real Estate Professionals Association (GREPA). As a leading body in the sector, GREPA has historically played a crucial role in organizing practitioners and advocating for professional standards. The transition to the 2026–2028 board comes at a time when the Ghanaian real estate market is facing both challenges and opportunities, ranging from housing deficits to the need for digital transformation.
The Legacy of the Outgoing Administration
Outgoing President Ms. Odette Nyame Kumi delivered farewell remarks highlighting key achievements during her tenure. Her administration was characterized by significant governance reforms and the strengthening of ethical standards. Notably, her team provided enhanced support for professionals seeking licensing under the Real Estate Agency Council (REAC) and Act 1047. Furthermore, she spearheaded the rollout of educational programs and conferences that expanded member engagement. Her tenure laid the institutional groundwork necessary for the Association’s current global visibility, particularly through the adoption of Multiple Listing Service (MLS) platforms.
Analysis
The inauguration of the 2026–2028 board signals a maturation of the Ghanaian real estate sector. The emphasis on “moral requirements” is not merely rhetorical; it addresses a critical need for consumer protection in a market often plagued by information asymmetry and unregulated practices.
The Strategic Importance of Global Technology Integration
One of the most significant announcements was the expansion of worldwide technology integration. By syndicating property listings through platforms like realtor.com, GREPA is bridging the gap between local agents and international investors. This move aligns Ghana’s real estate market with global standards, making it more attractive to the diaspora and foreign direct investment (FDI). The restriction of MLS access to members in “good standing” serves as a quality control mechanism, ensuring that only compliant professionals benefit from this global exposure.
Regulatory Alignment and the Real Estate Agency Act
The presence and remarks by Mr. Emmanuel Jeffrey, CEO of the Real Estate Agency Council (REAC), highlighted the importance of the Real Estate Agency Act, 2020 (Act 1047). This legislation provides the legal backbone for the industry. GREPA’s alignment with REAC and the Financial Intelligence Centre (FIC) indicates a proactive approach to combating money laundering and ensuring transparency. This regulatory synergy is vital for the long-term sustainability of the sector.
Practical Advice
For real estate professionals operating in Ghana, these developments necessitate specific actions to remain competitive and compliant.
How to Leverage the New GREPA MLS Platforms
To maximize the benefits of the expanded technology integration, agents should:
- Maintain Membership in Good Standing: Ensure all dues are paid and ethical standards are met to retain access to the syndicated MLS platforms.
- Optimize Listings: Upload high-quality, accurate property data to the GREPA MLS to ensure visibility on international platforms like realtor.com.
- Adopt Digital Tools: Familiarize yourself with the technical requirements of global listing syndication to minimize errors and maximize reach.
Steps Toward Ethical Compliance
The leadership has made it clear that integrity is non-negotiable. Professionals should:
- Review the GREPA Constitution and Bylaws to ensure full understanding of current obligations.
- Seek proper licensing from REAC if not already certified, as emphasized by the outgoing administration.
- Engage with the Financial Intelligence Centre (FIC) guidelines to ensure all transactions meet anti-money laundering (AML) standards.
FAQ
What is the Real Estate Agency Act, 2020 (Act 1047)?
The Real Estate Agency Act, 2020 (Act 1047) is the primary legislation in Ghana that regulates the practice of real estate agency. It establishes the Real Estate Agency Council (REAC) and sets out requirements for licensing, conduct, and the operation of real estate agencies to protect consumers and ensure professional standards.
How does the GREPA MLS benefit members?
The GREPA MLS (Multiple Listing Service) allows members to share property listings with a wider network. Through the new technology integration, these listings are syndicated to international platforms like realtor.com, providing Ghanaian properties with global visibility and attracting potential international buyers.
Who can access GREPA’s MLS platforms?
Access to GREPA’s MLS platforms is exclusive to members who are in good standing. This policy ensures that only professionals adhering to the Association’s ethical standards and regulatory requirements can utilize the system, maintaining data integrity.
Conclusion
The inauguration of the 2026–2028 Executive Board is a defining moment for the Ghana Real Estate Professionals Association. By reaffirming moral requirements, integrating advanced global technology, and aligning closely with regulatory bodies like REAC, GREPA is positioning Ghana’s real estate sector for sustainable growth and international competitiveness. The message from the new leadership is clear: professionalism, ethics, and technology are the pillars upon which the future of the industry will be built.
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