Cheddar: High Court Reverses Takeover of Oxford No. 1 Hotel, Orders Receiver to Return Keys

• A Ghanaian High Court ruled that the takeover of Nana Kwame Bediako's Oxford No. 1 Hotel breached court rules
• The court ordered Cola Holdings and its Ghanaian receiver to immediately return the keys to the hotel to Cheddar
• The ruling came amid an ongoing $21.9 million debt dispute linked to the businessman and the UK-based company

A Ghanaian High Court has reversed the takeover of the Oxford No. 1 Hotel, owned by business mogul and politician Nana Kwame Bediako, widely known as Cheddar, ruling that the seizure was carried out in breach of court procedures.

The court issued an order directing Cola Holdings, which had been appointed as receiver, to hand back the keys to the No.1 Oxford hotel in Osu, Accra, with immediate effect, according to a report shared by GHOne TV on Facebook on Friday, August 21, 2026.

$14.9 million debt dispute behind hotel takeover

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The case centres on an alleged debt of $14.9 million tied to the Oxford Street Hotel, one of Accra's prominent hospitality properties.

Cola Holdings had moved to take over the hotel as part of recovery proceedings related to the alleged debt claim after the High Court granted the company and its appointed Receiver in Ghana, Nii Amanor Dodoo, a warrant of police assistance.

Cheddar's legal team, led by lawyer Bobby Banson, later filed an appeal against the enforcement of the $14.9 million judgement debt, which the High Court dismissed, paving the way for the Oxford No.1 hotel's takeover by the UK-based company.

However, in the latest development, the High Court has found that the manner in which the takeover was executed did not comply with the relevant court rules, prompting the reversal of the receivership action and the immediate return of the property to the New Force leader.

The Facebook post announcing the court's ruling in the case is below:

Reactions to Cheddar's hotel takeover reversal ruling

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The High Court's ruling drew swift and divided reactions from Ghanaians on social media, with many weighing in on what the verdict means for the case and for Cheddar.

YEN.com.gh compiled some of the reactions below:

George Kwaku Nti wrote:

"Great news. Most Ghanaians like bringing other Ghanaians down too much."

Benjamin Owusu-afriyie stated:

"The man lost the case in the UK and had previously lost the same case a few years ago in Ghana. He is still attempting to manipulate the situation, but I appreciate the court for setting the record straight. He should be required to pay compensation for all the revenue lost due to the closure of the hotel."

Simon Atiiga questioned:

"Does this mean the earlier judgement was poorly ruled? Ah!"

Policemen deployed at Cheddar's hotel after ruling

Earlier, YEN.com.gh reported on the legal dispute surrounding Nana Kwame Bediako, commonly known as Cheddar, as heavy police presence was deployed at his No. 1 Oxford Street property to enforce a High Court order linked to a multimillion-dollar debt.

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As tensions arose, Ghanaians were divided, with social media reactions varying from empathy for Cheddar's predicament to clarifications that this was a strictly a commercial matter, avoiding political affiliation.

Source: YEN.com.gh