Richard Nii Armah Quaye

Richard Nii Armah Quaye
Born	Richard Nii Armah Quaye 21 March 1985 Jamestown, Greater Accra Region
Nationality	Ghanaian
Occupation(s)	entrepreneur, Investor
Years active	2009–present
Known for	Founder of RNAQ Holdings, Philanthropy

Richard Nii Armah Quaye (born 21 March 1985) is a Ghanaian entrepreneur and Investor. ^{[1] [2]} He is the founder of Bills and Quick Angels Limited. ^{[3] [4] [5]} As at April 2025, he stepped down as the CEO and board chairman of Quick Angels Limited and board chairman of Bills Micro Credit. ^[6] He is currently the President of RNAQ Holdings, the parent company that holds Quick Angels Limited and Bills Micro Credit. ^{[1] [7]}

Early life and education

Quaye was born on 21 March 1985 and hails from Jamestown in the Greater Accra Region of Ghana. ^[8]

Career

Quaye began his career as a businessman and founded Bills Micro Credit in 2009 ^[9] and on 8 May 2019, he established the Quick Angels Limited that focuses on promoting start-ups and businesses in Ghana. ^{[10] [11]} The company has funded businesses such as Pizzaman Chickenman, Ridge Medical Center, Doughman Foods, CoLi Network, Goldcoast Food, Herbs and Spices, manufacturers of Sankofa Natural Spices, Addicent Foods, manufacturers of Benjie and Duke rice, Zaconut, and Burger King, among others. ^{[12] [13]}

In August 2019, he made a speech at the 3rd edition of the Entrepreneurs Forum by the Ghana Investment Promotion Council. ^{[14] [15]}

In December 2019, the Entrepreneurship Through Acquisition, a business club at the Harvard Business School invited him to speak at their 5th annual conference. ^[16]

In April 2025, he began a new role as the President of RNAQ Holdings. ^[17]

Awards and recognition

In October 2019, Quaye won the Investment Award category of the 40 under 40 awards. ^{[18] [19]}

In September 2020, Quaye emerged as the overall winner in the 2020 40 under 40 awards at Kempinski Hotel in Accra. ^[20] He again claimed the Investment Award category. ^{[21] [20]} He also won the European CEO Entrepreneur of the year 2020 award. ^[8]

In May 2021, he also received the Outstanding financial service entrepreneur and the outstanding CEO in the 2021 11th Ghana Entrepreneur and Corporate Executive Awards. In July and August 2021, he received the Outstanding Business Investor Awards and the Outstanding Business Leader in the 2021 Ghana Business Standards Awards. ^[8]

Philanthropy

In 2025, it was announced the RNAQ Foundation was to roll out a Food Bank Project. ^[22] This initiative is to feed underserved members of the public one free hot meal a day. ^[23]

In August 2025, the Foundation donated GH₵500,000 to fund the study on youth opioids abuse in Ghana. ^[24]

References

1. GTonline (2025-04-29). "Stop blame game, channel energies into business creation …Richard Nii Quaye challenges youth". Ghanaian Times. Retrieved 2025-06-21.
2. "Quick Credit rebrands to Bills".
3. "Meet the CEO of Quick Angels Limited, Richard Nii Armah Quaye". GhanaWeb. 2019-05-08. Retrieved 2023-02-18.
4. "Businesses urged to innovate to survive challenges". Graphic Online. Retrieved 2023-02-18.
5. Cobblah, Henry (2019-07-10). "Be innovative with your idea - Richard Nii Armah Quaye to entrepreneur". Asaase Radio. Retrieved 2023-02-18.
6. "Bills Micro-Credit Board Chairman Richard Nii Armah Quaye set to retire". 2025-04-25. Retrieved 2025-06-20.
7. "Billionaire Richard Nii Armah Quaye retires from active business at 40, launches RNAQ Holdings". Modern Ghana. 2025-04-28. Retrieved 2025-06-21.
8. Etefe, Juliet (2022-12-16). "Meet the CEO of Quick Angels". The Business & Financial Times. Retrieved 2023-02-25.
9. Oppong, J. K. (2025-06-26). "Richard Nii-Armah Quaye (RNAQ): A Ghanaian Industrialist Championing Financial Inclusion And Entrepreneurship In Africa - ZionFelix.net" . Retrieved 2025-09-24.
10. "2020 40 Under 40 Awards: Richard Nii Armah Adjudged Overall Winner". Modern Ghana. Retrieved 2023-02-18.
11. "Quick Angels Limited Launched". DailyGuide Network. 2019-05-09. Retrieved 2023-02-18.
12. ANKIILU, MASAHUDU (2022-12-23). "Board Chairman Quaye: Quick Credit On a Path of Growth Year on Year". African Eye Report. Retrieved 2023-02-18.
13. "For businesses to thrive in the upcoming years, innovation and strategy are essential – CEO QAL". The Independent Ghana. 2022-12-12. Retrieved 2023-02-18.
14. Starrfm.com.gh. "Entrepreneurs must be financially disciplined to succeed – Quick Angels CEO" . Retrieved 2023-02-18.
15. "Be financially disciplined to succeed as an entrepreneur - Quick Angels CEO - MyJoyOnline.com". www.myjoyonline.com. 2019-08-12. Retrieved 2023-02-18.
16. "Quick Angels' founder engages Harvard Business School students - MyJoyOnline.com". www.myjoyonline.com. 2019-12-16. Retrieved 2023-02-18.
17. "Richard Nii-Armah Quaye retires from Bills Credit and joins RNAQ Holdings - MyJoyOnline". www.myjoyonline.com. Retrieved 2025-06-20.
18. "CEO of Quick Angels Ltd wins investment category of 40 under 40 Award - MyJoyOnline.com". www.myjoyonline.com. 2019-10-09. Retrieved 2023-02-18.
19. Yidana, Waterz. "Who Is Richard Nii Armah Quaye?". Modern Ghana. Retrieved 2025-06-20.
20. "CEO of Quick Angels Limited adjudged overall winner at 40 Under 40 Awards - MyJoyOnline.com". www.myjoyonline.com. 2020-09-28. Retrieved 2023-02-18.
21. "Quick Angels CEO adjudged overall winner at 2020 40 under 40 Awards". Citi Business News. 2020-09-26. Retrieved 2023-02-18.
22. Gawuga, Teddy Vava (15 July 2025). "RNAQ Foundation Launches Nationwide Food Bank to Serve Free Hot Meals Across Ghana". Ghana Web. Retrieved 15 July 2025.
23. "Richard Quaye Food Bank to feed vulnerable for free". Graphic Online. 2025-07-15. Retrieved 2025-07-15.
24. Etefe, Juliet (2025-08-14). "RNAQ Foundation commits GH₵500,000 to fund nationwide study on youth opioids abuse". The Business & Financial Times. Retrieved 2025-09-18.