Accra, Ghana — The High Court in Accra has dismissed an application by businessman and politician Nana Kwame Bediako, popularly known as Cheddar, seeking to stop the enforcement of a US$14.9 million judgment obtained by UK-based Cola Holdings Limited.
The Commercial Division of the High Court, presided over by Justice Doris Awuah Dabanka-Bekoe, dismissed the application on July 27, 2026, and ordered Nana Kwame Bediako to pay GH¢20,000 in costs.
The judgment, originally issued by the High Court of England and Wales, ordered Bediako to pay US$14,928,314.70, together with interest at eight per cent per annum. The foreign judgment was subsequently registered in Ghana on May 20, 2025, making it enforceable under Ghanaian law.
Why Cheddar sought to stop enforcement
Bediako’s legal team argued that enforcement should be suspended while an appeal concerning the registration of the UK judgment in Ghana remains pending.
His lawyers also raised concerns relating to the currency of the judgment debt, the interest rate applied and alleged public policy issues.
However, the High Court ruled that the grounds presented did not meet the legal threshold required to suspend enforcement of the judgment. The court also rejected the argument that Cola Holdings had no identifiable assets or security interests in Ghana.
Judgment debt estimated at GH¢258.76 million
With accrued interest and costs included, the total amount linked to the judgment has been estimated at approximately GH¢258.76 million, based on the Treasury exchange rate cited in court-related reports.
The amount could continue to increase because interest is accruing until the judgment debt is fully settled.
Cola Holdings moves to enforce judgment
The latest ruling comes amid wider enforcement proceedings involving assets associated with Nana Kwame Bediako.
In July 2026, the High Court also granted Cola Holdings and its appointed receiver police assistance to take possession of No. 1 Oxford Street Hotel in Osu, Accra, in connection with the enforcement of security over the property.
The legal dispute remains ongoing, with Bediako pursuing further legal avenues.