Ghanaian multimillionaire Richard Nii Armah Quaye's ex-wife demands $2.5 million in divorce battle

Joana Coffie, the ex-wife of Ghanaian business mogul Richard Nii Armah Quaye, has rejected a GH¢2 million, approximately $129,032, divorce settlement offer from her former husband's legal team, calling it "grossly unreasonable and condescending," and countered with a demand for GH¢40 million, approximately $2.58 million, along with five-bedroom houses in prime Accra locations, multiple luxury vehicles and equity stakes in his companies.

The rejection, filed in a May 11, 2026 response by her lawyers at Sory and Partners, marks the latest escalation in a divorce battle that began more than four years ago, has already produced a High Court judgment that Joana is appealing, and now threatens to spill back into open court in one of the most expensive and most watched asset-distribution cases in Ghana's recent legal history.

RNAQ's lawyers had written to Joana's team on May 7, 2026, offering to improve significantly on the GH¢300,000, approximately $19,355, award granted by Justice Kofi Dorgu of the Accra High Court on January 20, 2026, when the marriage was formally dissolved. The improved offer proposed raising the financial provision to GH¢2 million, completing renovation works on the jointly owned Dansoman matrimonial home and transferring full ownership to Joana, handing over a separate three-bedroom house in Dansoman, providing a new Mercedes-Benz E-Class in addition to two Jaguar vehicles the court had already ordered transferred, and allowing Joana to select a second vehicle. The offer was conditional on Joana withdrawing all pending court cases and appeals.

Joana said no.

Her lawyers responded that any meaningful settlement must be comprehensive and must address matters beyond the financial provision figure, specifically the alleged transfer of her shares in Bills Microcredit Limited without her knowledge, and allegations of abuse and violence she suffered during the marriage. On the financial terms, her revised position is GH¢40 million as financial provision, two five-bedroom houses in prime Accra areas such as East Legon, multiple high-end vehicles, shares in Bills Microcredit and other RNAQ-linked companies, and payment of her legal costs.

The January 20 High Court judgment, which ended a marriage of 16 years and three children, awarded Joana the GH¢300,000 financial provision, a one-third share of the Dansoman matrimonial home, the two Jaguar vehicles and GH¢5,000, approximately $323, per month for the upkeep of the children. Joana's notice of appeal, filed through Dame and Partners, argues the judgment is inconsistent with constitutional principles governing equitable distribution of marital property in Ghana. Her core argument is that she co-founded the original Quick Credit and Investment Micro-Credit Limited alongside RNAQ, making her a founding shareholder of the business from which his entire commercial empire grew, and that the court failed to account for that contribution when it limited her share to a fraction of a house and GH¢300,000.

Who is RNAQ

Richard Nii Armah Quaye was born on March 21, 1985, in Jamestown, the historic fishing community on the edge of Accra's central business district. Before his business career, he sold local dry gin called akpeteshie at Korle Gonno. He attended Winneba Senior High School. In 2009, he co-founded Quick Credit and Investment Micro-Credit Limited, which has since been rebranded as Bills Microcredit Limited and grown into one of Ghana's most recognisable micro-lending institutions.

Through Quick Angels Limited, established in 2019, he built stakes in approximately 29 businesses spanning Ridge Medical Center, Lynx Entertainment, Alcilla Farms, the Pizzaman Chickenman franchise, Sankofa Spices and Burger King. RNAQ Holdings is the parent company overseeing all of these interests. His companies have collectively disbursed over GH¢1.7 billion, approximately $109.7 million, in funding and supported more than 300,000 clients across West and East Africa.

He turned 40 in March 2025, marking the occasion with the acquisition of a Gulfstream G200 private jet valued at approximately $23 million to $25 million and a Bugatti Chiron valued at approximately $4 million. His birthday outfit, including a Richard Mille watch, was valued at more than $350,000. His net worth is estimated by various sources at between $50 million and $100 million, though some estimates circulating online have placed the figure significantly higher. He has not appeared on any global wealth verification list. In April 2025, he stepped back from executive roles at Bills Microcredit and Quick Angels, transitioning to President of RNAQ Holdings.

The case now returns to the Court of Appeal, where the divorce judgment and the full question of how assets built across a 16-year marriage should be divided will be argued from the beginning. RNAQ has not publicly responded to the allegations of abuse and violence raised in Joana's appeal documents.