Following recent developments in the divorce case between Ghanaian business mogul Richard Nii Armah Quaye (RNAQ) and his ex-wife, Joana Coffie, new court documents have surfaced online detailing fresh settlement negotiations between the two parties.

According to the documents, RNAQ offered Joana Coffie a settlement package worth GH¢2 million instead of the GH¢50 million she is reportedly seeking from the court.

Beyond the cash offer, RNAQ also proposed handing over a three-bedroom house in Dansoman and a Mercedes-Benz E-Class saloon car in good condition to his ex-wife.

The businessman further requested that all pending court cases and appeals filed by Joana be withdrawn to allow for an amicable settlement.

Business mogul RNAQ offers ex-wife GH¢2m in new divorce settlement case - Reports

“With regard to the residential property settlement situated at Dansoman, our client proposes that instead of the distribution as ordered by the court, our client shall purchase a three-bedroom self-compound gated residential property within the Dansoman area, which shall be transferred to your client.

“In addition to the two Jaguar vehicles which the court ordered to be transferred to your client, our client shall also purchase and transfer to your client a Mercedes-Benz E-Class saloon vehicle in good condition,” portions of the document stated.

Following the proposal, lawyers for Joana Coffie responded on behalf of their client in a document dated May 11, 2026, and signed by Sory & Partners.

In the response, Joana’s legal team raised concerns over ongoing appeals, disputes surrounding the alleged transfer of her shares in Quick Credit and Investment Micro-Credit Limited, now reportedly renamed Bills Micro Credit, as well as allegations of abuse and violence she allegedly suffered during the marriage.

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The lawyers also questioned what they described as “an inequitable and unsatisfactory award” made by the High Court presided over by Justice Dorgu J.A.

According to the legal team, RNAQ’s proposal failed to adequately address key concerns relating to Joana’s shares and the broader issues arising from the marriage.

“We note that your letter was completely silent on 1(a) and (b) above and focused on (c). We hereby indicate that a meaningful amicable resolution of the dispute between the parties must be comprehensive and ought to take account of 1(a) and (b),” portions of the response stated.

Based on the initial GH¢2 million offer made by RNAQ, Joana Coffie, through her lawyers, declined the proposal but indicated her willingness to settle under revised terms.

According to the response, Joana is demanding GH¢40 million as financial provision, two five-bedroom houses located in prime areas of Accra, such as East Legon, Cantonments, or Tse Addo, as well as two brand-new vehicles.

Read the full demand by Joana Coffie below:

i. Payment of the sum of Forty Million Ghana Cedis only (GH¢40,000,000.00) as financial provision.

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ii. Two five-bedroom residential properties located in prime areas in Accra, preferably East Legon, Cantonments, or Tse Addo.

iii. Two new vehicles — one being an SUV or four-wheel-drive vehicle and the other a saloon car. Our client has no objection to being given a Mercedes-Benz E-Class saloon car, provided it is brand new.

iv. Our client hereby proposes the payment of a sum of Thirty Thousand Ghana Cedis (GH¢30,000) for all three children, being GH¢10,000 per child. This amount is reasonable to cater for the many unplanned and unexpected expenses associated with raising a child in the circumstances of the current Ghanaian economy,” the document added.

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