The former wife of businessman Richard Nii Armah Quaye, Joana Quaye, has dragged her ex-husband, one Kobbina Awuah, Bills Micro-Credit Limited and the Office of the Registrar of Companies to court, accusing them of secretly transferring her shares in the company without her knowledge or consent.
The writ, filed on June 10, 2026 at the Commercial Division of the High Court in Accra by her lawyers, Dame & Partners, seeks 14 reliefs.
Principal among the reliefs is a declaration that the transfer of 10 percent of Bills Micro-Credit’s issued shares to Mr. Awuah is null and void as she remains the legal and beneficial owner.
She also wants the Registrar of Companies ordered to strike the disputed transfer instrument and related entries naming Mr. Awuah as shareholder from its records.
Beyond the shares themselves, Ms. Quaye is asking the court to compel Richard Nii Armah Quaye and Bills Micro-Credit to account for all profits the company has made since it was established in December 2011, and to pay her the portion she says she’s entitled to, with interest.
According to her statement of claim, Ms. Quaye and her ex-husband set up the company together in 2011, during their marriage, under the name Quick Credit and Investment Money Lending Company Ltd. The name was later changed to Quick Credit and Investment Micro-Credit Company Ltd, and then to Bills Micro-Credit Ltd — changes she says were made without complying with the Companies Act.
She says she was both a shareholder and a director of the company, and that she contributed to its operations, including debt recovery, while Mr. Quaye ran its day-to-day affairs.
Ms. Quaye claims she only discovered her shares had been moved during divorce proceedings on March 13, 2024, when Mr. Quaye testified that they had been transferred to Kobbina Awuah. A subsequent search at the Registrar of Companies, she says, confirmed the shares were now registered in Mr. Awuah’s name.
She insists she never authorised or signed any transfer instrument, nor did she receive any payment for the shares, and argues the transfer was carried out without her consent and in breach of the law.
Fight over her directorship
Ms. Quaye is also challenging her removal as a director of Bills Micro-Credit. She says she and Richard Nii Armah Quaye were the company’s original directors at incorporation, but that her name was later struck from the records without a shareholders’ resolution or any resignation on her part.
She is asking the court to void the disputed changes to the company’s shareholding and directorship records, and to set aside any director appointments made afterward that she says happened without her involvement as a shareholder or a properly convened general meeting.
Ms. Quaye is additionally seeking general damages against all the defendants, and separately, damages for fraud against Richard Nii Armah Quaye.
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