RNAQ’s ex-wife seeks freeze on company share sales and luxury assets

Joana Quaye, the former wife of businessman Richard Nii Armah Quaye, has gone back to the High Court in Accra in a fresh attempt to preserve assets she says were acquired during their marriage.

Her application, filed at the Divorce and Matrimonial Division, seeks to stop Mr Quaye from selling, transferring or otherwise dealing with shares in several companies, landed properties and luxury vehicles until an appeal over their divorce settlement is determined.

Mrs Quaye wants the court to freeze the disputed assets so that, if her appeal succeeds, the properties will still be available for redistribution.

The assets listed in the application include shares in Quick Credit, Quick Angels, Waterfall Engineering, Tigon Entertainment, Ridge Medical Centre and CEQA Foods.

She is also asking the court to preserve properties at Trasacco Estates, East Legon, Dansoman and Mamprobi.

The application further mentions high-value vehicles, including a Rolls-Royce Phantom, Bentley Coupe, Mercedes-Benz G-Wagon, Range Rover Vogue, Range Rover Velar and Lexus 4x4 vehicles.

In an affidavit filed by her lawyers, Dame & Partners, Mrs Quaye said the wealth in dispute was built from joint sacrifices made during the marriage and even before the couple formally married.

She said her relationship with Mr Quaye began in 2002 after they had both completed secondary school.

According to her, she later supported his education, worked several jobs and helped finance his early business plans.

Mrs Quaye said before their marriage in 2010, they opened a joint account at SG-SSB Ltd and also invested money through Data Bank Ltd.

She claimed the investment matured in 2008 and was used to support Mr Quaye’s travel to the United Kingdom to study Accounting.

She further alleged that when he returned to Ghana in 2009 without a job, they began exploring business opportunities together.

Mrs Quaye said she closed her personal bank account and used her savings as seed money for a microfinance business in 2010, the year they married.

She stated that in 2011, the couple jointly set up Quick Micro Credit and Investment Limited, which was later renamed Bills Micro Credit.

According to her, they were both shareholders and the only directors of the company at the time.

She alleged, however, that around 2021, Mr Quaye removed her as a director and shareholder of the company without her knowledge or consent.

Mrs Quaye argues that Quick Credit and Quick Angels became the foundation of Mr Quaye’s business empire and were later used to acquire other companies and properties.

She says all assets acquired during the marriage should therefore be treated as marital property and shared equitably.

Her lawyers say the freeze is necessary because Mr Quaye had allegedly transferred her shares in Quick Credit in the past without her consent.

The application warns that if the assets are sold or transferred before the appeal is heard, Mrs Quaye could be left with what she describes as an “empty legal shell”, even if the Court of Appeal eventually rules in her favour.

The affidavit also makes personal allegations against Mr Quaye, including claims that the marriage broke down because of repeated infidelity and physical violence.

Mrs Quaye further alleged that complaints she made to the Ghana Police Service did not progress because of interference by powerful persons acting for Mr Quaye.

She also raised concerns about the divorce judgment delivered on January 20, 2026.

According to her, the final orders were made on that date, but the full written reasons were not made available until more than three months later, after the time for filing an appeal had expired.

She claims there appeared to be two versions of the judgment: one containing the orders and another later providing the reasons for the decision.

Mrs Quaye is asking the court to preserve the contested assets while the appeal process continues.