Court grants order for hotel takeover
A High Court in Accra has granted a police assistance order to enable Cola Holdings Limited to take possession of the No. 1 Oxford Street Hotel, located in Osu, Accra, which is owned by Ghanaian businessman Nana Kwame Bediako, also known as Cheddar.
The order was granted on July 21, 2026, by Justice Samuel Faraday Johnson, following an application by Cola Holdings and its appointed Receiver, Nii Amanor Dodoo, after they were unable to obtain possession of the property peacefully.
The court ruled 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 its security.
Under the Borrowers and Lenders Act, 2020, Cola Holdings was entitled to seek police assistance after it was unable to obtain possession of the property without resistance.
The court found that Kensington Residential Partners 1 Limited, directed by Cheddar, had not placed sufficient evidence before it to justify refusing the application.
The dispute between Cheddar and Cola Holdings Limited arose from a debt that Kensington Residential Partners 1 Limited is said to owe the UK-based company.
Cheddar has publicly disputed liability under the judgment and had instructed his lawyers to challenge its enforcement through the Ghanaian courts, claiming the transaction related to a facility obtained by Kensington Residential Partners 1 Limited from the International Finance Corporation.
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He stated that he had appealed a High Court decision relating to the registration of the foreign judgment and intended to pursue all available legal remedies.
Court records show that 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 order relates solely to the application for police assistance and does not determine any other issues or claims that may arise between the parties.
The latest ruling forms part of an ongoing legal dispute arising from the enforcement of a security interest over the No. 1 Oxford Street Hotel.
Court records indicate that Mr Dodoo was appointed Receiver by Cola Holdings under the Borrowers and Lenders Act after the company took steps to realise its security over the property.
They will now proceed with the enforcement of the security interest.
