Cheddar’s Luxury Hotel Seized in Major Court-Ordered Debt Recovery
High Court grants creditors possession of prominent Osu property after rejecting opposition from New Force leader
By: Ebenezer Adu-Gyamfi / Emmanuel Ayiku for GhanaianNewsCanada | July 24,2026
ACCRA, Ghana — Ghanaian businessman and founder of The New Force, Nana Kwame Bediako, popularly known as Cheddar, is once again at the center of national attention after the Accra High Court ordered the seizure of one of his most prominent commercial properties over a long-running debt dispute.
The Commercial Division of the High Court has granted Cola Holdings Limited, a United Kingdom-based company, legal possession of No. 1 Oxford Street Hotel in Osu following efforts to enforce a court judgment over an unpaid debt. The ruling also authorises the company’s appointed receiver in Ghana, Nii Amanor Dodoo, to take control of the property with police assistance if necessary.
The striking white hotel, located along Oxford Street near Dankwa Circle, is regarded as one of the most recognizable commercial buildings in the Osu business district.
Court Rejects Opposition
Court documents indicate that Kensington Residential Partners 1 Limited, the company linked to the hotel and of which Cheddar is a director, opposed the application seeking possession of the property.
However, the court dismissed the objections and ruled in favour of Cola Holdings, allowing the creditor to assume control after attempts to obtain peaceful possession reportedly failed.
The latest ruling represents another chapter in an ongoing legal battle between Cheddar and the UK-based company.
Background to the Dispute
Earlier this year, the Commercial Division of the High Court recognised and enforced a judgment originally delivered by the High Court of England and Wales, ordering Nana Kwame Bediako to pay more than US$14.9 million, together with interest and legal costs, to Cola Holdings Limited.
The foreign judgment was registered in Ghana, making it legally enforceable under Ghanaian law after the court dismissed attempts to set it aside.
At the time, Cheddar publicly denied owing the amount, arguing that the dispute remained subject to ongoing legal proceedings and insisting that reports suggesting the matter had been conclusively determined were misleading.
Significant Setback
The seizure of the Oxford Street Hotel is being viewed by legal observers as one of the most significant enforcement actions arising from the dispute.
The property has become closely associated with Cheddar’s business empire and public profile, making the court’s decision a notable setback for the businessman and former independent presidential candidate.
Political Figure Remains in the Spotlight
Beyond his business ventures, Cheddar rose to national prominence through The New Force, a political movement that challenged Ghana’s traditional two-party political landscape during the 2024 general elections.
Known for advocating industrialisation, youth empowerment and Pan-African economic transformation, he remains one of Ghana’s most recognisable entrepreneurs and political figures.
Despite the latest court ruling, there has been no indication that the legal dispute has fully concluded. Observers expect further legal steps as both parties continue to pursue their respective claims.
For now, the High Court’s order places one of Cheddar’s flagship commercial properties under the control of his creditors, marking a major development in one of Ghana’s most closely watched commercial legal battles.
