Ghanaian business mogul Richard Nii Armah Quaye has sparked reactions on social media following a statement he made about the percentage of his income he spends.

In a video sighted by GhanaWeb on Friday, March 13, 2026, Richard Nii Armah Quaye, while delivering a speech, revealed that he used to spend about 20% of his income.

“As you continue to grow, your income begins to increase, so the 20% will also continue to increase for you. As I speak to you now, I am still spending below 20% of my income,” he said.

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The business mogul further noted that he has grown his wealth to the point where he barely spends more than 2% of his income.

“In fact, looking at where I am in life and where I started, I was around the 20% mark. But as you move forward and your worth becomes bigger, now I take about 2% of my worth, and I can’t even spend it,” he added.

The video has, however, triggered massive reactions on social media, with some netizens expressing diverse views on his statement.

Watch the video below:

“I used to spend 20% of my income. Now my wealth is so large that I can’t even spend 2% of it.”

— Ghanaian business mogul Richard Nii-Armah Quaye pic.twitter.com/79GG6qJ9Ej

— 𝐀𝐒𝐊 (@askghmedia) March 13, 2026