Richard Nii Armah Quaye is a Ghanaian entrepreneur, investor, and business strategist. While his exact net worth is not publicly known, he is widely regarded as one of Ghana’s most successful young investors, with a multi-million-dollar portfolio that continues to grow across West Africa.
Richard Nii Armah Quaye is the visionary founder and CEO of Quick Angels Limited, Ghana’s leading angel investment firm that has become synonymous with SME empowerment and business innovation. Widely admired for his sharp instincts and passion for supporting indigenous businesses, Quaye has played a pivotal role in reshaping Ghana’s entrepreneurial landscape over the past decade. His story, from humble beginnings in Jamestown to becoming one of Ghana’s most influential investors, continues to inspire aspiring entrepreneurs both locally and across Africa.
Early Life and Humble Beginnings
Born and raised in the historic coastal town of Jamestown, Accra, Richard Nii Armah Quaye grew up in a modest home surrounded by the hustle and bustle of small traders and fishermen. As a young boy, he actively participated in his family’s small-scale business selling akpeteshie, Ghana’s popular local gin. This early exposure to commerce planted the entrepreneurial seed that would later grow into a business empire.
Rather than settling for a traditional career path, Quaye was driven by a deep desire to create impact and break generational barriers. His street-smart upbringing and determination to succeed became the foundation for his remarkable journey.
The Rise of Quick Angels Limited
In 2019, Quaye took a bold step by founding Quick Angels Limited, pioneering the concept of angel investing in Ghana at a time when most start-ups struggled to secure capital. His vision was simple but powerful: support local businesses with equity financing and business mentorship to unlock their full potential.
Today, Quick Angels is a household name in Ghana’s entrepreneurial ecosystem, having funded over 40 start-ups and SMEs. These include major partnerships with Pizzaman Chickenman, Ridge Medical Centre, Doughman Foods, and other successful Ghanaian brands. Under Quaye’s leadership, Quick Angels has become a catalyst for job creation, innovation, and local wealth-building.
His investment philosophy focuses on empowering founders to retain control over their businesses while providing them with strategic guidance to scale sustainably.
Expanding Beyond Ghana
By 2024, Quaye had extended Quick Angels’ footprint beyond Ghana’s borders, partnering with businesses in Nigeria and Côte d’Ivoire. His commitment to promoting African entrepreneurship has earned him recognition as a regional leader in private equity and venture funding.
Quaye also established Quick Angels Africa, a pan-African investment initiative aimed at supporting SMEs across West Africa. His goal is to bridge the funding gap for young businesses across the continent and foster economic growth from the grassroots.
Business Acumen and Philanthropy
In addition to angel investing, Richard Nii Armah Quaye has diversified into other sectors including real estate, fintech, and agribusiness. His portfolio now includes interests in commercial properties, tech start-ups, and innovative agritech solutions.
Quaye is also a philanthropist at heart. Through the Quick Foundation, he funds educational programs, youth empowerment initiatives, and poverty alleviation projects in underserved communities in Ghana. His foundation has provided scholarships, mentorship, and vocational training to hundreds of young Ghanaians.
Awards and Recognition
Quaye’s contributions to business development have earned him numerous accolades. He was crowned Investor of the Year at the 2020 Ghana Entrepreneur and Corporate Executive Awards and was featured on several prestigious lists, including Ghana’s Top 50 Influential Business Leaders in 2023.
In 2025, Quaye was recognized by the Africa Investment Forum for his outstanding contribution to SME financing and was invited as a keynote speaker at global summits on entrepreneurship and venture capital.
Personal Life and Legacy
Despite his rising fame and fortune, Richard Nii Armah Quaye is known for his humility and strong ties to his Jamestown roots. He often speaks about the influence of his upbringing and how selling akpeteshie shaped his entrepreneurial mindset.
A staunch advocate for African entrepreneurship, Quaye continues to inspire young business owners to dream big while staying grounded in local values. His journey from a small liquor stand in Accra to one of Ghana’s most prominent investors is a testament to resilience, vision, and impact-driven leadership.
With his eyes now set on expanding Quick Angels Africa into Southern and East Africa, Quaye’s legacy is one of transforming not just businesses, but communities across the continent.
