“No shortcuts to success” – Richard Nii Armah Quaye tells entrepreneurs at ₵300m fund launch

Business leader Richard Nii Armah Quaye has stressed that Ghana’s economic transformation will depend not only on funding but on the discipline, resilience, and long-term vision of its entrepreneurs.

Speaking at the launch of the ₵300 million RNAQ Holdings Scale-Up Fund in Accra, Mr. Quaye said sustainable growth requires entrepreneurs who can endure challenges, adapt to change, and build structured systems that last beyond individual effort.

“There is no shortcut to building something that lasts. You cannot skip the process of growth and expect to sustain success. You must go through it, learn, adjust, build, and scale,” he stated.

He explained that while many people start businesses with passion and courage, few can sustain them because they lack systems, discipline, and long-term strategy. The Scale-Up Fund, he noted, was therefore created not just to provide capital but to help shape entrepreneurs into disciplined builders of enduring enterprises.

Mr. Quaye emphasized that growth demands patience, sacrifice, and the ability to learn from failure, adding that many of the entrepreneurs who partnered with Quick Angels faced multiple rejections before achieving success.

“Some of the entrepreneurs we’ve worked with through Quick Angels faced failures before success,” he said. “Some started small, were rejected multiple times, and yet never stopped improving. Because growth is about resilience, and that’s the spirit we’re looking for in the Scale-Up Fund, those who don’t make excuses but adapt and push forward.”

He noted that this spirit of resilience and consistency distinguishes businesses that survive from those that thrive, adding that entrepreneurs who cultivate such traits will form the backbone of Ghana’s future economy.

Mr. Quaye said Ghana’s next stage of development would be driven by structured entrepreneurship, one that values accountability, governance, and strategy over improvisation.

“The entrepreneurs who understand structure will lead Ghana’s transformation. That’s why we built this fund, not to give out handouts, but to create a structure that rewards seriousness, systems, and strategy,” he remarked.

He added that the Scale-Up Fund will combine mentorship and corporate discipline to help businesses transition from passion-driven startups into well-managed institutions.

“When I look across this room, I see builders. I see those who have started something and kept it alive; that alone is an achievement. But now, we’re here to help you build it bigger.”

Mr. Quaye urged Ghanaian entrepreneurs to think beyond short-term profits and aim for national impact, noting that the country’s economic progress rests on the success of visionary business leaders.

“Every successful economy was built on one thing: entrepreneurs who refused to stay small. It’s time for Ghana to scale. It’s time for your business to scale. And it’s time for all of us to rise, guided by structure, discipline, and deliberate growth,” he declared.

He emphasized that the RNAQ Holdings Scale-Up Fund Launch and Pre-Pitching Event is not just about raising capital but about raising the next generation of visionary entrepreneurs ready to redefine Ghana’s economic future.

By: Bawa Musah