Ghanaian businessman and political figure Nana Kwame Bediako, popularly known as Cheddar, has suffered another major courtroom setback after the High Court in Accra dismissed his application seeking to block Cola Holdings Limited from enforcing a staggering US$14.9 million judgment against him.
The Commercial Division of the High Court, presided over by Justice Doris Awuah Dabanka-Bekoe, rejected Cheddar’s application and ordered him to pay GH¢20,000 in costs. The ruling was delivered on July 27, 2026.
Cheddar’s legal team had asked the court to prevent UK-based Cola Holdings from enforcing an English High Court judgment against him personally while an appeal challenging the registration of that judgment in Ghana remains pending.
However, the court was not persuaded that the arguments presented were strong enough to justify stopping enforcement proceedings. Among the issues raised were questions surrounding the currency of the alleged debt, interest calculations and claims concerning public policy.
The long-running dispute traces back to a financing arrangement involving companies connected to the businessman. Cola Holdings eventually secured the multimillion-dollar judgment in England, while Cheddar has maintained that the underlying obligation arose from a corporate loan rather than a personal debt and has continued challenging the judgment.
The court also rejected an argument that Cola Holdings had no traceable assets in Ghana. Documents presented during proceedings showed registered security interests involving assets within the country.
The latest decision adds another dramatic chapter to the legal fight. It follows a separate High Court ruling on July 21, 2026, granting Cola Holdings and its receiver police assistance in efforts to take possession of the No. 1 Oxford Street Hotel in Osu, a property linked to Bediako.
With millions of dollars at stake and Cheddar continuing to challenge the judgment through the courts, the legal showdown between the businessman and Cola Holdings appears far from over.
