Joana Quaye Moves to Freeze Richard Nii Armah Quaye’s Multi-Million Assets

Accra: Joana Quaye, the ex-wife of Ghanaian businessman Richard Nii Armah Quaye, has filed an application for injunction at the Divorce and Matrimonial Division of the High Court in Accra. She seeks to prevent him from selling, transferring, or disposing of shares in several companies, luxury vehicles, and properties until an appeal over their divorce settlement is determined.

According to Ghana Web, Joana Quaye is urging the court to temporarily 'freeze' the disputed assets and shares owned by the couple in various companies acquired during their marriage. This move aims to prevent Richard Nii Armah Quaye from disposing of them before the Court of Appeal decides if she is entitled to a larger share of the marital wealth.

In an affidavit supporting her application, Joana Quaye narrates a relationship that began in 2002 and led to their marriage in 2010. She claims to have supported Richard Nii Armah Quaye's early entrepreneurial ambitions, including funding that contributed to the establishment of Quick Credit Company Limited, now known as Bills Micro-Credit.

Joana Quaye indicates that she opened a joint account with Richard Nii Armah Quaye at SG-SSB Ltd and invested those funds in an investment transaction operated by Data Bank Ltd. This investment, redeemed in 2008, funded Richard's education in the UK. Upon his return in 2009, they started a micro-finance enterprise in 2010 with her savings, leading to the creation of Quick Credit.

Joana Quaye further claims that they jointly set up Quick Micro Credit and Investment Limited in 2011, later renamed Bills Micro Credit by Richard. She was an original shareholder and director but alleges that Richard removed her from these roles around 2021 without her consent. She argues that the trial judge's conclusions were arbitrary and discriminatory, advocating for the equitable distribution of marital property.

The application lists disputed assets, including shareholding interests in several companies and luxury homes, as well as a fleet of high-end vehicles. Joana Quaye contends that these assets should be equitably distributed as they were acquired during the marriage.

Joana Quaye argues that Quick Credit served as a springboard for Richard's wealth, used to acquire other companies and properties. She emphasizes the need for the court to restrain Richard from disposing of these assets, citing his past actions of transferring her shares without her knowledge.

She accuses Richard of causing the marriage breakdown through infidelity and alleges suffering physical violence, with police complaints going unaddressed due to interference. Joana claims that Richard currently resides with another woman in their Trasacco home.

The affidavit raises procedural and constitutional issues with the original divorce judgment, delivered on January 20, 2026. Joana argues that the delay in receiving the full written judgment violated her constitutional rights, as it surfaced after her appeal period expired.

Joana Quaye is petitioning the Chief Justice to preserve the contested assets pending appeal, warning that their disposal could cause irreparable injustice. This high-profile case is expected to spark national debate on marital property and women's contributions to wealth creation in marriages.