High Court enforces UK judgment against Cheddar over US$14.9m debt

The High Court (Commercial Division) in Accra has enforced a judgment issued by the High Court of England and Wales against businessman Nana Kwame Bediako, popularly known as Cheddar, ordering him to pay more than US$14.9 million plus interest and costs to Cola Holdings Limited, a UK-based company.

According to a notice published in the Daily Graphic on Thursday, January 22, 2026, the foreign judgment was formally registered in Ghana on May 20, 2025, following an application by Cola Holdings Limited to have the English court’s decision recognised and enforced locally.

The case, filed at the High Court’s Commercial Division in Accra, stems from a judgment originally delivered by Deputy Master Sabic KC of the High Court of England and Wales on January 23, 2025, with subsequent variations granted in March and April 2025. Once registered, the judgment became legally binding and enforceable in Ghana.

The court has ordered Nana Kwame Bediako to pay US$14,928,314.70 as the principal judgment debt, together with interest at a rate of eight percent per annum, calculated from January 23, 2025, until full payment is made. As of December 23, 2025, the accrued interest alone amounted to US$1,092,834.64.

In addition, the court awarded GH₵15,000 in legal costs to Cola Holdings Limited.

At the prevailing Treasury exchange rate of GH₵16.15 to the US dollar, the total amount due, including interest and costs, translates to approximately GH₵258.76 million, according to figures contained in the court notice.

The total sum remains subject to further increase as interest continues to accrue until the debt is fully settled.

The court also granted an order for substituted service, allowing the judgment to be served by posting copies at the respondent’s residence at 13 Avenue Lincoln, Osu, at the High Court notice board, and through a one-time publication in the Daily Graphic. The notices are to remain posted for seven days.

CitiNewsRoom