Rashid grew up in his father’s business, Ackahs Goldsmith and Gold trading company, a mining contractor to the then State Gold Mining Corporation of Ghana, Tarkwa, learning the techniques of the physical metals trading. 

He studied Economics at the University of Bern as well as the University of Zurich, Switzerland, before gaining extensive work experience in Switzerland. Rashid worked briefly for Orell Fuessli AG, Zurich in Data Management and for Ecosens AG, Zurich in Financial Accounting. 

In 2004, he returned to Ghana to revive his father’s defunct Gold trading business. In the same year Rashid founded R. D. Ackahs & Partners Ltd. and went on to secure Gold Export Licences from the Government of Ghana for the international trade. By 2005 the company was aggregating about 10kg weekly shipment from the ASM sector in Ghana to Metalor Technologies SA, Neuchatel, Switzerland. Rashid relied on the long customary and family ties within the small scale mining community in Ghana and grew the company steadily. 

By 2012 R. D. Ackahs & Partners Ltd. was aggregating and shipping about 3.7 metric tons of gold from Ghana to Metalor Technologies SA annually, trading the refined gold on the Swiss gold market. Rashid founded AGS Precious Metals AG in Zurich, Switzerland in the year 2013, trading refined gold. Rashid has served on a committee at Ghana’s Central Bank tracking the gold export proceeds. He has also served as a consultant for one arm of Ghana’s national security dealing with the activities of Small Scale Mining in Ghana. 

Today, R. D. Ackahs & Partners Ltd has diversified into the Ghanaian Real Estate Market serving the diplomatic community in Accra. Rashid, a former track & field athlete, has served on the board of Ghana Athletics and continues to support the Ghanaian National Athletes.