Joana Quaye, the former wife of Ghanaian businessman Richard Nii Armah Quaye (RNAQ), has filed a suit at the Commercial Division of the High Court seeking to enforce what she says are her rights as a shareholder, investor, and director of Bills Micro Credit Limited.
According to a writ filed on June 10, 2026, through Dame & Partners, Madam Quaye is asking the court to reverse what she describes as the fraudulent transfer of her shares and ownership interest in the company, which she says she has held since its establishment in December 2011.
In the suit, she claims she originally owned 100,000 shares, representing a 10 percent stake in the company, but alleges that her shares were transferred without her knowledge or consent.
She contends that she never agreed to any transfer of her shares, never signed any transfer documents, and did not receive any payment or consideration for the alleged transaction.
The writ further alleges that Richard Nii Armah Quaye unlawfully executed a share transfer instrument purporting to assign her shares to another individual, identified as Kobina Awuah, using what she describes as a forged signature.
Madam Quaye also argues that the purported transfer did not comply with the requirements of Ghana’s company laws and was not backed by any valid company resolution. She alleges that the company’s records were unlawfully altered through the use of a fake deed of transfer and the falsification of her signature.
Seeks Declaration of Ownership and Share of Profits
Among the reliefs sought, Madam Quaye is asking the court to declare that she remains the lawful owner of a 10 percent stake in Bills Micro Credit Limited and is therefore entitled to a corresponding share of the company’s profits.
She is also requesting an order directing Richard Nii Armah Quaye and Bills Micro Credit Limited to account for all profits made by the company since December 2011 and to pay her 10 percent share together with interest calculated at the prevailing bank rate.
Registrar of Companies Also Named
The Office of the Registrar of Companies has been joined as the fourth defendant in the suit.
Madam Quaye is asking the court to direct the Registrar to remove from its records any registration indicating Kobina Awuah as the owner of the disputed shares, arguing that no valid transfer was ever executed.
She is also seeking orders to nullify any changes to the company’s directorship that were made without following the legal requirements for appointment through a general meeting of the company, a process she says should have involved her as a director and shareholder.
The suit marks a significant escalation in the legal dispute between the former couple, extending beyond marital property proceedings into a commercial battle over the ownership and control of Bills Micro Credit Limited. The allegations contained in the writ are yet to be tested in court, and the defendants will have the opportunity to respond to the claims through the judicial process.
