Court clears Cola Holdings to take over Cheddar’s No.1 Oxford Street Hotel
A legal dispute involving Ghanaian businessman Nana Kwame Bediako, popularly known as Cheddar, and UK-based Cola Holdings Limited over an alleged outstanding debt has resulted in a court order allowing the company to take control of No. 1 Oxford Street Hotel in Osu, Accra.
The Commercial Division of the High Court in Accra on Tuesday, July 21, 2026, granted a warrant for police assistance to Cola Holdings and its appointed Ghanaian Receiver, Nii Amanor Dodoo, to take possession of the property.
The order, issued by Justice Samuel Faraday Johnson, followed an application by Cola Holdings and the Receiver after they told the court they had been unable to gain access to the hotel peacefully.
Kensington Residential Partners 1 Limited, through one of its directors, Nana Kwame Bediako, opposed the request, but the court rejected the objections raised by the company.
In its ruling, the court stated that Cola Holdings had properly registered its security interest over the property at the Collateral Registry and had secured a Memorandum of No Objection to proceed with enforcing the security.
Justice Faraday Johnson further ruled that under the Borrowers and Lenders Act, 2020 (Act 1052), Cola Holdings was entitled to seek police support after attempts to take possession without resistance failed.
The court also determined that Kensington Residential Partners 1 Limited had not provided enough evidence to justify blocking the application.
As a result, the court authorised the issuance of a police assistance warrant to enable Cola Holdings and the Receiver to take possession of the hotel and enforce their security rights in line with the law.
Lawyers Tsatsu Tsikata and Tata Kosi Foliba represented Cola Holdings and the Receiver, while Bobby Banson and Isaac Akerefie-Mensah appeared for Kensington Residential Partners 1 Limited.
The ruling is limited to the request for police assistance and does not settle any other disputes, claims or pending legal matters between the parties.
The case forms part of a wider legal battle over the enforcement of a security interest linked to the Osu-based hotel. Court documents indicate that Cola Holdings appointed Mr Dodoo as Receiver after beginning steps to recover its interest in the property.
The dispute is connected to earlier proceedings involving the enforcement in Ghana of a judgment from the High Court of England and Wales involving Cola Holdings.
In January 2026, Cheddar publicly disputed liability under the judgment, stating that his lawyers had taken steps to challenge its enforcement in Ghana. He said the matter involved a financing facility obtained by Kensington Residential Partners 1 Limited from the International Finance Corporation (IFC).
Mr Bediako, who contested Ghana’s 2024 presidential election as an independent candidate, also said he had appealed a High Court decision concerning the registration of the foreign judgment and intended to pursue all available legal options.
The latest court decision only addresses the Receiver’s request for police assistance and does not affect the outcome of any ongoing appeals or related proceedings.
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