BY GRACE ZIGAH
The protracted divorce dispute between Ghanaian businessman Richard Nii Armah Quaye, popularly known as RNAQ, and his former wife, Joana Quaye, has taken another turn following allegations that the businessman declined to renew a rental arrangement for his ex-wife and their children after a court-ordered tenancy expired.
The latest development has brought renewed attention to the financial and property-related disagreements between the former couple, whose marriage reportedly lasted 15 years.
According to a report by YEN.com.gh published on October 17, 2026, the dispute now involves accommodation arrangements, the enforcement of divorce-related property awards, and questions surrounding Joana Quaye’s alleged former shareholding in Bills Microfinance.
The report states that RNAQ had been required to provide accommodation for Joana while their divorce proceedings were ongoing. However, after the rental arrangement expired, he allegedly declined to extend it, leaving Joana and the children facing uncertainty over their housing arrangements.
The report further claims that they have had to rely on assistance from philanthropists for shelter.The allegations have emerged against the backdrop of a divorce ruling reportedly delivered in April 2026. Under the decision, Joana was awarded one-third of the couple’s seven-bedroom matrimonial home in Dansoman and GH¢300,000 following the dissolution of their marriage.
However, according to her lawyers, Dame and Partners, Joana has yet to take possession of some of the assets awarded to her.
In September, the legal firm reportedly disclosed that the Dansoman property remained locked, with RNAQ citing renovation works as the reason. A 2014-registered Jaguar saloon car said to have formed part of the settlement was also reportedly yet to be handed over.
The report adds that Joana currently uses an ageing Daewoo Matiz for school runs and other daily activities. The circumstances surrounding the alleged non-delivery of the awarded property have added another layer to the dispute, raising questions about the practical enforcement of the divorce ruling.
In a further legal development, Dame and Partners have reportedly filed an injunction application at the High Court seeking to prevent RNAQ from selling, transferring or otherwise disposing of assets allegedly accumulated during the marriage, covering the period from 2010 to 2025.
The application is intended to preserve the disputed assets while the parties pursue their respective legal claims. The filing, however, should not be interpreted as a final determination that all the assets in question belong to Joana or that the court has granted the requested injunction.
Beyond the accommodation and property disagreements, the former couple’s financial interests have reportedly become the subject of a separate legal dispute involving Bills Microfinance.According to the report, evidence has emerged suggesting that Joana’s original 10 per cent shareholding in the company was transferred without her knowledge or authorisation.
Her lawyers are reportedly pursuing the matter separately and have described the alleged transaction as potentially criminal.RNAQ is widely associated with significant business interests and a high-profile lifestyle, including luxury vehicles, real estate and private aviation.
However, the central issue in the latest developments is not his reported wealth but whether the property and financial arrangements arising from the divorce will be implemented and how the outstanding disputes will be resolved.
Joana is also reportedly pursuing an appeal in the divorce case and seeking to prevent the disposal of assets while the legal process remains pending.
