Court grants receiver access to Cheddar’s No. 1 Oxford Street Hotel in debt dispute

The Commercial Division of the High Court in Accra has granted a warrant of police assistance to enable a UK-based company, Cola Holdings Limited, and its appointed receiver to take possession of No. 1 Oxford Street Hotel in Osu, Accra, following a debt dispute involving Kensington Residential Partners 1 Limited.

The order, issued by Justice Samuel Faraday Johnson on July 21, 2026, authorises Cola Holdings and its receiver in Ghana, Nii Amanor Dodoo, to take possession of the property after informing the court that they had been unable to do so peacefully.

The dispute involves Kensington Residential Partners 1 Limited, of which Ghanaian businessman Nana Kwame Bediako, popularly known as Cheddar, is a director.

Court documents indicate that the company opposed the application through Mr Bediako, but the court dismissed the objections raised.

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In its ruling, the court held that Cola Holdings had lawfully registered its security interest over the property at the Collateral Registry and had obtained a Memorandum of No Objection authorising it to realise its security.

Justice Faraday Johnson further ruled that, under the Borrowers and Lenders Act, 2020 (Act 1052), Cola Holdings was entitled to seek police assistance after it was unable to obtain possession of the property without resistance.

The court also found that Kensington Residential Partners 1 Limited had failed to present sufficient evidence to justify refusing the application.

Consequently, the court granted the application, permitting Cola Holdings and the receiver to take possession of the property and realise the security in accordance with the law.

Court records show that lawyers 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 court noted that the order relates solely to the application for police assistance to take possession of the property and does not determine any other claims or issues that may arise between the parties in the underlying dispute.