Bills Micro Credit Limited, a prominent microfinance institution in Ghana, has publicly distanced itself from its founder and majority shareholder, Richard Nii-Armah Quaye, as concerns mount over his extravagant lifestyle and the potential for a government-led lifestyle audit.
In an official statement released on March 21, the company reaffirmed its independence, making it clear that Quaye’s personal finances and lavish expenditures are entirely separate from its operations.