Order Bills Micro Credit Limited and Richard Quaye to pay me 10% of all profits made since 2011 – Joana Quaye files fresh writ

The former wife of businessman Richard Nii Armah Quaye has filed a suit at the Commercial Division of the High Court, seeking to reclaim what she says is her rightful stake in Bills Micro Credit Limited and accusing her former husband of fraudulently transferring her shares without her consent.

Joana Quaye, through her lawyers, Dame and Partners, is asking the court to declare that she remains a shareholder and director of the company, claiming she has held an ownership interest since the business was established in December 2011.

In the writ, filed on 10th June 2026, Ms Quaye alleges that she originally owned 100,000 shares, representing a 10% stake in the company, then known as Quick Credit and Investment Moneylending Company Limited.

She argues that her shares were transferred without her knowledge or approval and has asked the court to reverse what she describes as fraudulent changes to the company’s ownership records.

According to the court documents, Ms Quaye says she never agreed to transfer her shares, never signed any transfer documents and did not receive any payment for the alleged transaction.

She further claims that the first defendant executed a share transfer using an instrument that was not her act or deed and that her signature was falsified to facilitate the transfer. The writ also alleges that the transfer was not supported by the resolutions or procedures required under Ghana’s Companies Act.

As part of her case, Ms Quaye is asking the court to declare that she remains the lawful owner of a 10% stake in Bills Micro Credit Limited.

She is also seeking an order directing Mr Quaye and the company to account for all profits made since December 2011 and to pay her 10% share of those profits together with interest at the prevailing bank rate.

The Office of the Registrar of Companies has been named as the fourth defendant in the suit.

Ms Quaye wants the court to order the Registrar to remove from its records the registration of shares allegedly transferred to the second defendant, Kobina Awuah, arguing that the transfer was made without her consent.

She is also asking the court to direct the Registrar to remove any entries relating to changes in the company’s directorship which, she claims, were made without following the legal procedures required under the Companies Act, including approval at a general meeting that should have involved her.

The latest action adds to the legal dispute between the former couple following the breakdown of their marriage. Court records indicate that separate proceedings relating to the distribution of marital property are also ongoing.

The allegations contained in the writ are yet to be tested in court, and the defendants have not publicly responded to the claims.