Accra: Following recent developments in the divorce case between Ghanaian business mogul Richard Nii Armah Quaye (RNAQ) and his ex-wife, Joana Coffie, new court documents have surfaced online detailing fresh settlement negotiations between the two parties.
According to Ghana Web, RNAQ offered Joana Coffie a settlement package worth GHS2 million instead of the GHS50 million she is reportedly seeking from the court.
Beyond the cash offer, RNAQ also proposed handing over a three-bedroom house in Dansoman and a Mercedes-Benz E-Class saloon car in good condition to his ex-wife. The businessman further requested that all pending court cases and appeals filed by Joana be withdrawn to allow for an amicable settlement.
'With regard to the residential property settlement situated at Dansoman, our client proposes that instead of the distribution as ordered by the court, our client shall purchase a three-bedroom self-compound gated residential property within the Dansoman area, which shall be transferred to your client,' the document stated. Additionally, RNAQ offered to transfer a Mercedes-Benz E-Class saloon vehicle to Joana, along with two Jaguar vehicles previously ordered by the court.
Following the proposal, lawyers for Joana Coffie responded on behalf of their client in a document dated May 11, 2026, and signed by Sory and Partners. In the response, Joana's legal team raised concerns over ongoing appeals, disputes surrounding the alleged transfer of her shares in Quick Credit and Investment Micro-Credit Limited, now reportedly renamed Bills Micro Credit, as well as allegations of abuse and violence she allegedly suffered during the marriage.
The lawyers questioned what they described as 'an inequitable and unsatisfactory award' made by the High Court presided over by Justice Dorgu J.A. According to the legal team, RNAQ's proposal failed to adequately address key concerns relating to Joana's shares and the broader issues arising from the marriage.
Based on the initial GHS2 million offer made by RNAQ, Joana Coffie, through her lawyers, declined the proposal but indicated her willingness to settle under revised terms. According to the response, Joana is demanding GHS40 million as financial provision, two five-bedroom houses located in prime areas of Accra, and two brand-new vehicles.
Joana's revised demands included the payment of GHS40 million, two five-bedroom residential properties in prime areas such as East Legon, Cantonments, or Tse Addo, and two new vehicles, including an SUV or four-wheel-drive vehicle. Additionally, she proposed a sum of GHS30,000 for their three children, citing the need to cater for the many unplanned and unexpected expenses associated with raising children in the current Ghanaian economy.