Ghanaian businessman and political figure Nana Kwame Bediako, popularly known as Cheddar, is facing a major setback after the Accra High Court authorised a receiver to take possession of his prestigious No. 1 Oxford Street Hotel in Osu.
The Commercial Division of the High Court granted a warrant of police assistance to UK-based Cola Holdings Limited and its appointed receiver, Nii Amanor Dodoo, after they reportedly failed to secure peaceful possession of the luxury property. The order was issued by Justice Samuel Faraday Johnson on July 21, 2026.
Kensington Residential Partners 1 Limited, the company linked to the hotel, opposed the application through Cheddar, one of its directors. However, the court rejected the arguments presented against the proposed takeover.
According to the ruling, Cola Holdings had registered a security interest over the property at the Collateral Registry and obtained the necessary clearance to realise that security. The court consequently permitted police support to help the receiver enter and take control of the building under Ghana’s Borrowers and Lenders Act.
The development represents a serious blow to Cheddar’s business empire, with No. 1 Oxford Street regarded as one of his most recognisable luxury developments in Accra.
The property dispute is connected to a wider financial battle involving Cola Holdings. In January 2026, the Accra High Court enforced a United Kingdom judgment ordering Bediako to pay more than US$14.9 million in principal debt, together with annual interest and legal costs.
Cheddar previously rejected claims that he was personally responsible for the debt. He maintained that the disputed transaction involved a facility obtained by Kensington Residential Partners and announced plans to challenge the judgment through the available legal processes.
The latest order does not settle every outstanding claim or appeal between the parties. It specifically allows the receiver to take possession of the hotel and pursue the lender’s registered security interest.
However, with police assistance now approved, Cheddar’s control over the high-profile Osu property faces its strongest threat yet as the multimillion-dollar financial dispute enters a dramatic new phase.
