High Court Orders Enforcement of US$14.9m Judgment Debt Against Cheddar

Accra: The High Court (Commercial Division) in Accra has ordered Nana Kwame Bediako, a 2024 presidential candidate for the New Force and popularly known as Cheddar, to pay over US$14.9 million, along with interest and costs, to Cola Holdings Limited, a UK-based company. According to Ghana Web, the ruling was referenced in a Daily Graphic publication on Thursday, January 22, 2026. The enforcement comes after a judgment from the High Court of England and Wales against Cheddar, who is also a business mogul. The foreign judgment was officially registered in Ghana on May 20, 2025, following an application by Cola Holdings Limited to have the English court's decision recognized and enforced locally. The original judgment was delivered by Deputy Master Sabic KC of the High Court of England and Wales on January 23, 2025, with subsequent variations granted. The court also 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, is approximately GH?258.76 million, as per court records. 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, permitting the judgment to be served by posting copies at the respondent's residence at 13 Avenue Lincoln, Osu, on the High Court notice board, and through a one-time publication in the Daily Graphic. The notices are to remain posted for seven days between March and April 2025. Once registered, the judgment became legally binding and enforceable in Ghana. Per the news report, 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.