The High Court has enforced a foreign judgment against businessman Nana Kwame Bediako, ordering him to pay a debt of US $14,928,314.70 to Cola Holdings Limited, a UK-based company.
This comes from a judgment originally issued by the High Court of England and Wales, which was formally registered in Ghana in May 2025 to be recognised and enforced locally.
The principal debt against Bediako, better known as Cheddar, is just under US $14.93 million.
Interest is to be paid at 8% per year from January 23, 2025 until the debt is fully paid.
As of December 23, 2025, the accrued interest alone was about US $1.09 million.
The court also awarded legal costs of GH₵15,000 to Cola Holdings.
With the Ghana cedi–US dollar rate taken into account at the time, the total owing (principal + interest + costs) is roughly GH₵258.76 million, and this amount will continue increasing as interest accrues until payment is made.
The court granted **substituted service, allowing notices of the judgment to be posted at Cheddar’s former residence and publicly in the press.
According to reports, the debt relates to an original loan or business agreement with Cola Holdings, though details like the nature of the transaction haven’t been fully specified in coverage.
About the Author
