The ex-wife of Ghanaian businessman Richard Nii Armah-Quaye, commonly known as RNAQ, Mrs Joana Quaye, has hired former Attorney General Godfred Dame to appeal against a rather strange judgment of the High Court in Accra.
The High Court granted Mrs Joana Quaye only GHC300,000 out of the well-known vast fortune she built with the rich businessman.
She was married to Richard Nii Armah-Quaye for sixteen (16) years and has three (3) children with.
The information gathered suggests that RNAQ has been locked up in a bitter divorce case with Joana Quaye for the past four years.
The High Court presided over by Justice Kofi Dorgu on 20th January, 2026, in his final orders despite evidence showing that Richard Nii Armah Quaye established his famous company, Quick Credit & Investment Micro-Credit Limited (renamed Bills Micro Credit Limited) with Joana Quaye as shareholders, out of which RNAQ built his wealth and established numerous other companies, the judge granted to the wife only one-third share of a house at Dansoman, GHC300,000 as financial provision and GHC5,000 to be paid by RNAQ each month for the upkeep of all the three children.
Mrs Quaye cited that all the properties owned by RNAQ, including houses at Trassacco Estate, East Legon and other rich neighbourhoods in Accra, a Rolls-Royce car, Bentley, Range Rover and other luxurious vehicles and companies were all acquired by RNAQ after their.
Joana Quaye has since hired prominent Accra-based law firm, Dame & Partners, as her new lawyers to pursue an appeal against the award following the court orders in what she described as “being given a raw deal”.
The new lawyers in a notice of appeal filed at the Court of Appeal Registry on 1st April, 2026, contend that that the final orders issued by Justice Dorgu are “inconsistent with the principles and framework governing the identification and equitable distribution of marital property upon the dissolution of marriage enshrined in the Constitution and laws of Ghana, and affirmed by the Supreme Court of Ghana”. They further assert that the trial judge committed a fundamental error of law by failing to recognise that all the immovable and movable properties claimed by the respondent, including shares in companies, were acquired during the subsistence of the marriage and thus constitute marital property to be distributed equitably between the parties. They also say that the position of Ghanaian law is that all property acquired during the subsistence of any marriage is marital property that must be distributed equitably.
Other grounds of appeal filed by Messrs. Dame & Partners on behalf of RNAQ’s wife are that the trial court erred in not lifting the veil of incorporation in Quick Credit & Investment Micro-Credit Limited (renamed Bills Micro Credit Limited) and other related and affiliated companies, despite clear and compelling evidence that the parties jointly established the initial company, which served as the financial and operational foundation for the Respondent’s subsequent business ventures. The lawyers have also challenged the award of one-third of the “Dansoman House”, GHC300,000 as financial relief and GHC5,000 per month for the maintenance of three children of the marriage, as “manifestly inadequate, inequitable and unfair”.
Mrs. Quaye seeks from the Court of Appeal two orders from the Court of Appeal which are “an order setting aside the final orders of the judgment dated 20th January, 2026” and “an order granting to her an equitable share of all assets (immovable and movable) acquired during the subsistence of the marriage to RNAQ, including his shares and beneficial interests in all companies set up after the parties got married”.
RNAQ touts himself to be a billionaire and regularly gives out expensive gifts to the public like cars, gold, etc. He lives in a Trassacco Estates house acquired during his marriage to Joana Quaye with Ghanaian socialite, Mona Montrage, popularly known as Hajia For Real. The plush parties he holds on various occasions and his generally luxurious lifestyle are matters of public record.
RNAQ was in the news lately after he revealed that his wealth is so large that he can’t even spend 2% of it.
According to Richard Nii Armah Quaye, he used to spend about 20% of his income, and now he cannot even he used to spend about 20% of his wealth.
Speaking in a video shared on X, Richard Nii Armah Quaye, while delivering a speech, stated, “As you continue to grow, your income begins to increase, so the 20% will also continue to increase for you. As I speak to you now, I am still spending below 20% of my income”.
“In fact, looking at where I am in life and where I started, I was around the 20% mark. But as you move forward and your worth becomes bigger, now I take about 2% of my worth, and I can’t even spend it,” he added.
Last year, Richard Nii Armah-Quaye threw a lavish birthday party, which caught the attention of Ghanaians and the World.
Reports suggested his attire alone exceeded $350,000, including a Richard Mille Declutachable Rose Gold watch valued at over $323,000. Sources indicate his suit cost $10,000, shoes $2,000, and stylist fees $4,000.2
In 2026, he marked his birthday with a large-scale gold tablet giveaway, selecting 1,000 followers to receive the investment asset.
See the appeal below:
