Chief Justice Petition divorce settlement Ghana law high court News

RNAQ Offers GH¢2 Million to Settle Divorce Case

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NewsGhana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/rnaq-offers-gh%c2%a22-million-to-settle-divorce-case/Businessman Richard Nii Armah Quaye has proposed a GH¢2 million out-of-court settlement to resolve his divorce dispute with Joana Quaye, well above the GH¢300,000 ordered by the High Court.
The proposal was made in a letter dated May 7, 2026, sent by his lawyers, Sory & Partners@Law, to Joana Quaye’s legal team, Dame & Partners, who are led by former Attorney-General Godfred Yeboah Dame. The letter describes the offer as “without prejudice” and frames it as an enhanced financial proposal made in the interest of peace and family harmony, with the wellbeing of the couple’s children cited as a central motivation. Richard Nii Armah Quaye’s legal team said he is seeking to resolve all outstanding matters and avoid further litigation.
The offer arrives as the case moves on multiple fronts. Mrs. Joana Quaye has filed an appeal at the Court of Appeal challenging the High Court ruling of January 20, 2026, which awarded her GH¢300,000 as a lump sum, a one-third share of the matrimonial home in Dansoman and GH¢5,000 monthly for their three children’s upkeep. That award fell far short of the GH¢50 million she had originally sought.
Mrs. Quaye has also petitioned the Chief Justice and the Judicial Council over the handling of the case by the presiding judge, Justice Dorgu. Her petition alleges that while the court issued final orders on January 20, 2026, the full written judgment was only made available on April 20, 2026, a gap her lawyers argue wiped out the statutory three-month window within which she should have been able to assess the ruling and file an appeal. The petition calls for an investigation into possible procedural irregularities in the delivery of the judgment.
Separately, Mrs. Quaye filed an injunction application in May 2026 seeking to freeze a broad portfolio of assets pending the appeal outcome, including shares in several companies, properties and luxury vehicles she alleges were built on a business foundation she helped establish during the marriage. Evidence has since emerged showing her as an original co-shareholder in Quick Credit and Investment Micro-Credit Limited, the company later renamed Bills Micro Credit Limited, which her legal team describes as the financial foundation of Richard Nii Armah Quaye’s wider business empire.
Richard Nii Armah Quaye had indicated publicly on a television programme in recent months that he was willing to resolve the matter privately for the sake of their children. The formal May 7 letter from his lawyers represents the first documented step in that direction, though no response from Mrs. Quaye’s legal team has been publicly confirmed.
NewsGhana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/rnaq-offers-gh%c2%a22-million-to-settle-divorce-case/

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BUSINESS Dr Frank Boateng Mining National News

Ghanaian participation in extractive sector must increase – Expert

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The Acting Director of the Institute of Mining Research and Governance (IMRIG) at the University of Mines and Technology, Dr. Frank Boateng, is calling for increased Ghanaian participation in the country’s extractive sector, arguing that broader local ownership is critical to ensuring that more citizens and mining communities benefit from Ghana’s natural resources.

Speaking during a JoyBusiness Roundtable discussion on rethinking Ghana’s approach to gold mining, oil and critical minerals, Dr. Boateng stressed the need for deliberate policies to expand indigenous participation in mining operations.

According to him, Ghana must move beyond limited state participation and create structures that allow ordinary citizens to own stakes in mining ventures through wider stock market participation.

“I still stand by my point where I feel that Ghanaian participation needs to increase,” he stated on Tuesday, May 26.

Dr. Boateng explained on JoyNews that increasing local ownership would not only improve national benefits from the extractive sector but also strengthen Ghana’s influence in major operational and strategic decisions within mining companies.

He suggested that the government could explore options such as converting portions of taxes owed by mining firms into equity stakes to increase Ghana’s shareholding beyond the constitutionally mandated 10 percent free carried interest.

According to him, increasing Ghana’s equity participation would also secure stronger representation on the boards of mining companies and ensure the country becomes part of key decision-making processes.

“Can we even defer some of our taxes to increase our equities in some of these mines, so that it pushes our ownership beyond the free carry of 10%?” he questioned.

Dr. Boateng further proposed that mining lease renewal negotiations should be used as opportunities to secure greater Ghanaian participation in mining operations.

“If mining companies are coming to lease renewal, we can renegotiate and increase our participation,” he said.

He, however, cautioned against concentrating ownership solely in the hands of government or political actors, stressing that broader citizen participation through stock ownership would be more beneficial and sustainable.

Dr. Boateng also warned that Ghana’s changing political landscape and policy reversals often create uncertainty within the mining sector and discourage long-term investment planning.

“Looking at the nature of our politics in this country, when government changes, things change dramatically, and sometimes decisions are reversed. This does not help,” he noted.

He further identified the artisanal and small-scale mining sector as a major opportunity for increasing Ghanaian ownership in the extractive industry.

According to him, supporting well-performing local small-scale mining operators with financing and technical assistance could help transform them into medium-scale mining companies capable of attracting larger investments.

He referenced the Minerals Income Investment Fund’s Small-Scale Incubation Project, which aimed to identify promising artisanal mining operators and provide support to help them scale up operations.

Dr. Boateng maintained that empowering Ghanaian-owned mining firms and expanding citizen participation in the extractive sector would ultimately lead to greater national benefits and stronger local economic development.