Richard Nii Armah Quaye Urges Universities to Only Allow Successful Entrepreneurs to Teach Business

• A young entrepreneur, Richard Nii Armah Quaye, has called for a change in the quality of lectures in Ghanaian universities
• In a recent interview, he urged universities to hire successful businesspeople to impart practical knowledge to their students
• His assertions sparked a flurry of reactions on social media, with many Ghanaians giving their views in the comments section

Richard Nii Armah Quaye, founder and board chairman of Bills Microcredit, has called for a paradigm shift in Ghana's tertiary education.

He believes that only successful entrepreneurs should be allowed to teach at the business schools of various universities across the country.

According to Quaye, people can only teach what they know, suggesting that most lecturers in the business departments of Ghanaian universities lacked the practical business acumen to impart the right knowledge to their students.

"In the business school, if I had my way, anybody who has not succeeded in business would not be at the business school. You can only teach what you know, and you will reproduce what you are. So, if you have not built anything, trust me, you will reproduce students who will build nothing," he said.

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Consequently, Quaye opined that lecturers who teach entrepreneurship and business without having built successful ventures should not be teaching at the university.

The popular Ghanaian business mogul made these remarks in an interview with renowned media personality Bola Ray, ahead of his 40th birthday celebration.

Richard Nii Armah Quaye's birthday party

As a treat for his 40th birthday, which falls on Friday, March 21, 2025, Richard Nii Armah Quaye has acquired expensive gifts - a Bugatti Chiron and a private jet.

Additionally, the Ghanaian entrepreneur is set to hold what would arguably be the biggest birthday party at Independence Square, also known as the Black Star Square.

Preparations are already underway in the capital city of Accra, with creatives setting up the venue for Quaye's 40th birthday party and seemingly sparing no expense.

Reactions to Richard Nii Armah Quaye's assertions

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Richard Nii Armah Quaye's interview with Bola Ray has gone viral, sparking reactions from netizens.

YEN.com.gh compiled a few of the reactions to the video below:

@Paa Ekow said:

"Masa please take it easy. Don’t say that. Book knowledge is different from street knowledge."

@Kwame Gyimah also said

"A good blend is the best way to go. Entrepreneurs don't have all the theories for one to study n make decisions on a particular style of managing one's own business."

@Minista Gene commented:

"This is true. It's like a pastor pastoring you and not being a pastor for himself."

Richard Armah Quaye flies new private jet

Earlier, YEN.com.gh reported that Richard Quaye flew in his newly acquired private jet for the first time recently.

The custom-branded Gulfstream private jet landed in Ghana a few days ago ahead of his 40th birthday celebration.

Following the arrival of the private aircraft, Ghanaians congratulated Quaye on his success in the business field.

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

Source: YEN.com.gh