The ex-wife of Ghanaian businessman Richard Nii Armah-Quaye, commonly known as RNAQ, Mrs Joana Quaye, has been offered GHC300,000 as financial provision and a paltry GHC5000 a month as upkeep of all her three children.
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.
RNAQ has been 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, 2025, 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.
Mrs Joana Quaye has since 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.
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.
Following news of the RNAQ, a long list of businesses has surfaced after giving ex-wife and 3 children GHS300k alimony.
RNAQ luxury car collection includes high-end vehicles such as a Red Ferrari, an Orange Lamborghini, Black Brabus G-Wagon, and a Black Range Rover
Richard Quaye quashed that with the acquisition of a private jet and a Bugatti Chiron.
Quaye, on his 40th birthday on Friday, March 21, 2025, announced the purchase of a Bugatti Chiron Sport; the estimated cost was around $3 million.
RNAQ, a tall list of businesses includes,
Pizzaman Chickenman
Ridge Medical Center
Doughman Foods
CoLi Network
Sankofa Natural Spices
Benjie
Duke rice
Zaconut
Burger King
Alicilla farms Aquaculture
Prospectus Ghana limited
Morning Glory Writer’s limited Mona4reall
Lynx Entertainment
Tigon Creative studio
Richie Rich Gummies
Agatex
Jenam
Sun Solar
Pinkberry
Olives properties limited
Waterfall engineering limited
Albanese World’s best
Maverick
Richard Quaye Foundation
Oya micro-credit company
Quick credit
Quick Holdings
Diary Cup
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