Richard Quaye Retires from Bills Micro Credit; Kwadwo Kwarteng Named New Board Chair-Ghana

Business heavyweight Richard Nii Armah Quaye has officially retired from his role as Board Chairman of Bills Micro Credit, drawing the curtain on his leadership at both Bills Micro Credit and Quick Angels. At a press briefing to mark his departure, Mr. Quaye emphasized the urgency of sparking an economic and financial revolution, particularly one focused on solving Ghana’s deepening youth unemployment crisis. He shared a vision of a future where Ghana’s young people rise to reshape the country’s economic direction.

In a passionate call to action, Quaye encouraged investors to prioritize homegrown businesses, warning against capital flight. He reiterated that meaningful progress lies in investing in young entrepreneurs and scaling up local enterprises. According to him, the path to national transformation begins with equipping the next generation to lead sustainable economic growth through innovation and enterprise.

Stepping into his shoes, Lawyer Kwadwo Dei Kwarteng has been announced as the new Board Chairman of Bills Micro Credit. With over 15 years in legal and corporate management, Kwarteng brings a solid track record and is expected to build on Quaye’s legacy. He reassured stakeholders of his commitment to strong governance, regulatory compliance, and further empowering local businesses across Ghana.

Additionally, Emmanuel Lamptey has been appointed as the new CEO of Quick Angels, taking charge of the company’s investment strategies. The event also marked the launch of RNAQ Holdings, a new venture with Richard Quaye at the helm as President. Quaye’s retirement may signal the end of an era, but it also seems to be the beginning of a new chapter in championing innovation and entrepreneurship in Ghana.

Source: Citi newsroom