Finance

From Selling Akpeteshie to Becoming a Billionaire: The Story of Nii Armah Quaye

Before rising to fame and becoming one of Ghana’s renowned businessmen, Richard Nii Armah Quaye sold local dry gin, popularly known as ‘akpeteshie,’ at Korle Gonno, a suburb of Accra.

The businessman confirmed this in an interview with Bola Ray, where he shared that he is now wealthy enough to purchase items he desires.

While listing some luxurious items he has acquired by the age of 40, Bola Ray said, “This is a boy who was selling akpeteshie in Korle Gonno to make ends meet and pay for his school fees.”

Richard Nii Armah Quaye responded with a simple “yes.”

He further said, “Ten years ago, I could buy a Rolls Royce or a private jet. When I was 30, everything that was on sale, I could have bought it, but I never did because when you have a plan that is working, you have to stick to the plan and allow it to work. When money is growing at a stage, it begins to grow abnormally… Our money can work for us.”

“When you work with your energy to make money, there is a limit to how much you can do. You are human, and in a day, you have 24 hours, and you will be tired but your money has no limit to how much it can make for you,” he added.

Recently, he acquired a Bugatti Chiron, estimated at US$4 million, as well as a private Gulfstream jet, estimated at US$25 million.

Currently, Richard Nii Armah Quaye is the founder of Bills Micro Credit and an angel investor in Pizzaman-Chickenman, Burger King, Sankofa Spices, agriculture, and other ventures.

Source: www.ghanaweb.com

Ogyem Solomon

Solomon Ogyem – Media Entrepreneur | Journalist | Brand Ambassador Solomon Ogyem is a dynamic Ghanaian journalist and media entrepreneur currently based in South Africa. With a solid foundation in journalism, Solomon is a graduate of the OTEC School of Journalism and Communication Studies in Ghana and Oxbridge Academy in South Africa. He began his career as a reporter at OTEC 102.9 MHz in Kumasi, where he honed his skills in news reporting, community storytelling, and radio broadcasting. His passion for storytelling and dedication to the media industry led him to establish Press MltiMedia Company in South Africa—a growing platform committed to authentic African narratives and multimedia journalism. Solomon is the founder and owner of Thepressradio.com, a news portal focused on delivering credible, timely, and engaging stories across Ghana and Africa. He also owns Press Global Tickets, a service-driven venture in the travel and logistics space, providing reliable ticketing services. He previously owned two notable websites—Ghanaweb.mobi and ShowbizAfrica.net—both of which contributed to entertainment and socio-political discussions within Ghana’s digital space. With a diverse background in media, digital journalism, and business, Solomon Ogyem is dedicated to telling impactful African stories, empowering youth through media, and building cross-continental media partnerships.

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