Specify position of geom_text by keywords like "top", "bottom", "left", "right", "center"

geom_text wants to plot labels based on your data set. It sounds like you're looking to add a single piece of text to your plot, in which case, annotate is the better option. To force the label to appear in the same position regardless of the units in the plot, you can take advantage of Inf values:

sp <- ggplot(mpg, aes(hwy, cty, label = "sometext"))+
  geom_point() +
  annotate(geom = 'text', label = 'sometext', x = -Inf, y = Inf, hjust = 0, vjust = 1)
print(sp)

It's certainly possible to write a wrapper but the way units and justification are defined makes it rather verbose,

library(ggplot2)

qplot(1,1) + 
  annotation_compass('testN') + 
  annotation_compass('testE','E') + 
  annotation_compass('testSW','SW') + 
  annotation_compass('testW','W')

annotation_compass <- function(label,
                               position = c('N','NE','E','SE','S','SW','W','NW'),
                               padding = grid::unit(c(0.5,0.5),"line"), ...){
  position <- match.arg(position)
  x <- switch (position,
    N = 0.5,
    NE = 1,
    E = 1,
    SE = 1,
    S = 0.5, 
    SW = 0,
    W = 0, 
    NW = 0
  )
  y <- switch (position,
               N = 1,
               NE = 1,
               E = 0.5,
               SE = 0,
               S = 0, 
               SW = 0,
               W = 0.5, 
               NW = 1
  )
  hjust <- switch (position,
               N = 0.5,
               NE = 1,
               E = 1,
               SE = 1,
               S = 0.5, 
               SW = 0,
               W = 0, 
               NW = 0
  )
  vjust <- switch (position,
               N = 1,
               NE = 1,
               E = 0.5,
               SE = 0,
               S = 0, 
               SW = 0,
               W = 0.5, 
               NW = 1
  )
  f1 <- switch (position,
                   N = 0,
                   NE = -1,
                   E = -1,
                   SE = -1,
                   S = 0, 
                   SW = 1,
                   W = 1, 
                   NW = 1
  )
  f2 <- switch (position,
                   N = -1,
                   NE = -1,
                   E = 0,
                   SE = 1,
                   S = 1, 
                   SW = 1,
                   W = 0, 
                   NW = -1
  )
  annotation_custom(grid::textGrob(label, 
                                   x=grid::unit(x,"npc") + f1*padding[1] , 
                                   y=grid::unit(y,"npc") + f2*padding[2],
                                   hjust=hjust,vjust=vjust, ...))
}

I avoid annotate like the plague and just use an empty data frame data argument for geom_text:

ggplot(mpg, aes(hwy, cty, label = "sometext"))+
  geom_point() +
  geom_text(data=data.frame(), aes(label = 'sometext', x = -Inf, y = Inf),
            hjust = 0, vjust = 1)