Accra, Ghana//-The Founder and Board Chairman of Quick Credit, Richard Nii Armah Quaye disclosed that the company has achieved all its targets for the year 2022 despite the current economic challenges.
He confidently told a large gathering of the company’s staff in Accra that “all the targets we set for ourselves this very year have been achieved regardless of the economic challenges”.
Incentive packages
It is these achievements that have motivated him to announce that salaries of all Quick Credit employees shall be increased to a minimum of 40% and across board.
Mr Quaye also went ahead to declare a 100% bonus for all staff who have helped the company to achieve the spectacular results.
“I am aware of what this decision will mean financially to the books of the company, however I am confident that the staff will be super motivated and inspired in 2023 and reciprocate this decision by working three times harder than you have ever been, show more discipline and respect to the policies of the company and above all give me and the company 100% loyalty at all times”, Mr Quaye who also the CEO of Quick Angels, stated at the company’s 2022 end of year get-together party and dinner.
Very challenging year
He however admitted that this year has been very challenging for the country’s economy, businesses, employees, and everyone in the West African country.
This happened because the country’s currency (Ghana Cedi) collapsed and led to higher inflation of goods and services.
At the same time, the Ghana Cedi depreciated steeply against the U.S dollar and other major trading currencies such as the British Pound Sterling, and the Euro.
…not insulated
In his words: “We were not insulated from these challenges, our cost of doing business immediately started rising automatically and therefore the plans and the targets we set for ourselves this very year but like we always do and have always done, management rose to the occasion and quickly developed policies and strategies that insulated us largely from the risk and still put us on the path of growth”.
The hard-working Mr Quaye is said to be Ghana’s first angel investor, currently supporting hundreds of businesses, startups, and entrepreneurs with equity financing across Ghana and beyond.
Instructively, Quick Angels has successfully built over 25 world-class brands such as burger king, Doughman foods, Sankofa natural spices, Coli network, Benjie, and duke rice, ridge medical centre, and many more in Ghana and other parts of Africa employing over 3000 direct staff across brands only in Ghana.
