High Court Reverses Receiver’s Possession of Cheddar’s No. 1 Oxford Street Hotel
The High Court in Accra has overturned an earlier order that authorised a receiver to take possession of the No. 1 Oxford Street Hotel, a property linked to businessman Nana Kwame Bediako, popularly known as Cheddar.
The latest development marks a new turn in the ongoing legal dispute involving Kensington Residential Partners 1 Limited, of which Bediako is a director, and UK-based Cola Holdings Limited.
The dispute centres on a debt claim of approximately US$14.9 million and the enforcement of security over the luxury hotel in Osu.
Earlier order authorised receiver to take possession
On July 21, 2026, the Commercial Division of the High Court, presided over by Justice Samuel Faraday Johnson, granted Cola Holdings and its appointed receiver, Nii Amanor Dodoo, a warrant of police assistance to take possession of the hotel.
The order followed an application by Cola Holdings and the receiver, who told the court that efforts to obtain possession peacefully had been unsuccessful.
The court at the time held that Cola Holdings had registered its security interest over the property at the Collateral Registry and had obtained a Memorandum of No Objection to realise the security.
Kensington Residential Partners 1 Limited opposed the application through Bediako, but the court dismissed the objections and authorised the receiver to proceed with possession.
Latest ruling changes the position
The latest court development, as reported, overturns that earlier possession order and directs that the keys to the hotel be returned to Nana Kwame Bediako.
The decision provides temporary relief to Bediako and the company associated with the property, but does not bring the wider financial dispute to an end.
The substantive dispute over the alleged US$14.9 million debt and the enforcement of the underlying judgment remains before the courts.
Background to the dispute
The case is connected to the enforcement in Ghana of a judgment of the High Court of England and Wales in favour of Cola Holdings.
Bediako has previously disputed liability under the judgment and said the transaction related to a financing facility obtained by Kensington Residential Partners 1 Limited from the International Finance Corporation (IFC).
He has maintained that his legal team would pursue available legal avenues to challenge the enforcement of the judgment in Ghana.
The hotel itself has also previously disputed reports suggesting that control of the property had already changed hands, maintaining that Kensington Residential Partners 1 Limited remained responsible for its management while challenging the court's decision.
Legal battle continues
The latest decision means the dispute remains unresolved, with both sides continuing to pursue their respective legal positions.
The case has attracted significant public attention because of the value of the debt, the prominence of the property and Bediako's profile as a Ghanaian businessman and former presidential candidate.
For now, the return of the keys represents a fresh development in the possession dispute, while the US$14.9 million debt claim and related legal proceedings remain ongoing.
Further court proceedings are expected to determine the substantive issues between the parties.