The High Court in Accra has granted an order authorising the Ghana Police Service to assist a Receiver appointed by UK-based Cola Holdings Limited in taking possession of the No. 1 Oxford Street Hotel located at Osu, Accra, a property associated with businessman and politician Nana Kwame Bediako, popularly known as Cheddar.
The order was granted by the Commercial Division of the High Court after Cola Holdings and its appointed Receiver, insolvency practitioner Nii Amanor Dodoo, applied for police support, arguing that attempts to take possession of the property peacefully had been unsuccessful.
According to court reports, Justice Samuel Faraday Johnson ruled that Cola Holdings had taken steps to enforce its security interest over the property and was entitled to seek police assistance under Ghana’s Borrowers and Lenders Act, 2020 (Act 1052).
The court also rejected objections raised by Kensington Residential Partners 1 Limited, a company linked to Nana Kwame Bediako.
The dispute is connected to a legal battle involving a judgment debt claim brought by Cola Holdings. Earlier reports indicated that the High Court in Accra had enforced a judgment from the High Court of England and Wales ordering Cheddar to pay more than US$14.9 million, plus interest and costs, to Cola Holdings.
The No. 1 Oxford Street Hotel, located in Osu, is a luxury hospitality project developed through a partnership involving Kwarleyz Group and Cola Group. The project had also involved financing arrangements with the International Finance Corporation (IFC).
However, Nana Kwame Bediako has disputed claims that he personally owes the debt, stating previously that the matter involved a company loan arrangement and that he intended to challenge aspects of the legal process.
The latest court order does not determine all outstanding disputes between the parties but specifically allows the Receiver, with police assistance, to gain access to and take control of the hotel for the purpose of realising the security interest.
The development has generated significant public attention due to Cheddar’s profile as a businessman, founder of the New Force political movement, and former presidential candidate.
Further legal actions and responses from both parties are expected as the matter continues.
