Court dismisses Nana Kwame Bediako’s motion to stop Cola Holdings US$14.9m judgment enforcement
The ruling was delivered on Monday, July 27, 2026, by Justice Awuah Dabanka-Bekoe of the High Court, Commercial Division 3.
The Accra High Court has dismissed another attempt by Nana Kwame Bediako to stop Cola Holdings Ltd from enforcing a foreign judgment registered against him in Ghana.
The ruling was delivered on Monday, July 27, 2026, by Justice Awuah Dabanka-Bekoe of the High Court, Commercial Division 3.
The court also awarded costs of GH¢20,000 against Nana Kwame Bediako in favour of Cola Holdings Ltd.
The application was filed by his lawyer, Bobby Banson.
It sought an injunction to stop Cola Holdings Ltd from enforcing the judgment while an appeal against an earlier decision of the High Court was pending.
That earlier decision had refused an application by Nana Kwame Bediako to set aside the registration in Ghana of a judgment obtained against him in the English High Court.
The English High Court judgment, dated January 23, 2025, ordered Nana Kwame Bediako personally to pay US$14,928,314.70, or its sterling equivalent at the date of payment.
He was also ordered to pay continuing interest of US$3,271.96 per day from January 23, 2025, being interest on the judgment sum at eight per cent per annum.
The judgment was registered in Ghana on May 20, 2025.
Nana Kwame Bediako later applied to have the registration set aside, but the High Court dismissed that application on November 27, 2025.
The latest application was an attempt to restrain enforcement of the registered judgment while he pursued an appeal.
The dispute arose from a loan obtained from the International Finance Corporation by Kensington Residential Partners 1 Ltd.
Nana Kwame Bediako and Azad Cola are shareholders in the company.
As part of the transaction, Nana Kwame Bediako signed a Deed of Indemnity relating to his share of the repayment obligation.
Cola Holdings Ltd guaranteed the loan and later settled the debt after the International Finance Corporation called on it to honour its obligations.
The IFC subsequently assigned its interest in the loan to Cola Holdings Ltd.
Cola Holdings then sought to recover Nana Kwame Bediako’s share of the repayment but was unsuccessful.
The company later commenced proceedings in the High Court in London and obtained judgment against him.
That judgment was then registered in Ghana for enforcement.
The Commercial Court’s latest ruling means Cola Holdings Ltd remains free to continue enforcement steps against Nana Kwame Bediako unless a higher court intervenes.
