Goran Račić was born in 1970 in Srbac, where he completed his secondary Mathematical Physics Computer School. Faculty of Economics, mayor: Business Economics, he completed in Banja Luka. At the beginning of 2013, he was elected as President of the Chamber of Commerce of Banja Luka.
Prior to his position, he was director of the Stirokart Thermal Insulation Material Factory. From 1999 to 2003 he was engaged with the Privatization Directorate in the Preparation Team for Companies and a member of the Team for Privatization of Strategic Enterprises. He is one of the founders of the RS Association of Economists SWOT and the current president of the SWOT Assembly.
In November 2017, by the decision of the RS National Assembly, he was elected as Chairman of the Management Board of the Insurance Agency of Republic of Srpska.
He participated in numerous projects related to the restructuring and privatization of the company, and the establishment of the capital market in RS.