RNAQ Divorce: Why Court Slashed Richard Nii-Armah Quaye's Ex-Wife's GH₵50m Demand to GH₵300k

• Richard Nii Armah Quaye's ex-wife's demand for GH₵50m and other benefits in their divorce settlement has been rejected
• The High Court gave Joana Quaye GH₵300k in compensation and GH₵5,000 monthly for the children's upkeep instead
• The businessman's wife's lawyers have appealed the January 20 ruling, arguing for equitable distribution of marital assets

The quest of Joana Quaye, the wife of Ghanaian Richard Nii Armah Quaye (RNAQ), to get a GH₵50 million settlement in their divorce case has ended in disappointment.

The High Court in Accra, on January 20, 2026, awarded Joana just GH₵300,000, a one-third share of a house in Dansoman, and GH₵5,000 monthly for their three children.

Joana, who had been married to the businessman for 16 years and co-founded the company from which he built his fortune, was seeking compensation and other benefits.

However, as cited by Ghanaian media consultant Ebenezer Donkoh, the presiding judge, Justice Kofi Dorgu, seemed not to have valued the contributions of Joana Quaye to her husband's success.

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He quoted the judge as follows:

"This then brings me to the penultimate issue of financial settlement, and here, the issue is whether the Petitioner is entitled to any financial award in addition to the property settlement already done."

Justice Dorgu explained that previously, alimony was payable to a divorced woman to be independent, but modern women were now already independent and working, no longer relying on their husbands.

"I therefore hold the view that there must be compelling reasons for such an award. I have taken into account the ridiculous demand of GH¢50 million as a financial award, which, to me, is without a basis, and the Petitioner did not provide any foundation for such an award.

"Marriage is not an investment, and in any case, what investment can yield so much dividend or interest in a period of 10 or 20 years?"

See the Facebook post below:

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RNAQ's wife appeals divorce ruling

Weeks after the ruling, The New Crusading Guide reported that her lawyers, Dame & Partners, filed the notice of appeal at the Court of Appeal Registry on April 1, 2026, describing the January 20 ruling by Justice Kofi Dorgu as 'a raw deal' that is 'manifestly inadequate, inequitable and unfair'.

Her lawyers argued that the High Court ruling is 'inconsistent with the principles and framework governing the identification and equitable distribution of marital property' under Ghana's Constitution and laws, as affirmed by the Supreme Court.

Central to her case is the argument that RNAQ's flagship company, Quick Credit & Investment Micro-Credit Limited, later renamed Bills Micro-Credit Limited, was established with Joana as a shareholder, and served as the financial foundation from which RNAQ went on to build his vast empire.

Her lawyers contend that all properties acquired during the marriage, including houses at Trasacco Estate and East Legon, luxury vehicles, and shares in multiple companies, constitute marital property that must be distributed equitably.

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They are also calling on the Court of Appeal to lift the corporate veil on Quick Credit and its affiliated companies, arguing there is 'clear and compelling evidence' that the parties jointly established the initial business.

Joana is seeking two specific orders from the Court of Appeal: the setting aside of the High Court's January 20 ruling, and an order granting her an equitable share of all assets, movable and immovable, acquired during the marriage, including RNAQ's shares and beneficial interests in all companies set up after their wedding.

RNAQ divorce: Settlement follows four-year battle

The couple has been locked in a bitter divorce battle for four years.

RNAQ, who regularly makes headlines for gifting cars, gold, and other expensive items to the public, currently resides in his Trasacco Estate home, which he acquired during the marriage.

In March 2025, the private jet owner took the nation by storm with a lavish 40th birthday celebration, which saw Davido, Stonebwoy, Diamond Platinumz, and other African stars in attendance.

Ahead of the celebration, RNAQ went on a splurging spree, acquiring a personalised jet and a Bugatti Chiron.

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Watch the TikTok video below:

He has often been linked with Ghanaian socialite Mona Montrage, popularly known as Hajia4Reall, who is believed to be staying in his Trasacco Estate house with him.

RNAQ sparks Hajia4Reall dating rumours

Earlier, YEN.com.gh reported that Richard Nii Armah Quaye had sparked buzz after publicly praising Hajia4Reall's beauty, fuelling dating rumours.

Their rumoured relationship had earlier gained attention when Nana Akua Addo hinted at a possible union by referring to the socialite as Mrs RNAQ.

The businessman’s comment on her viral photo has intensified speculation, with many expecting the duo to go public with their romance soon.

Proofreading by Bruce Douglas, copy editor at YEN.com.gh.

Source: YEN.com.gh