Ghana High Court dismisses Nana Kwame Bediako injunction bid over English judgment

The Accra High Court in Ghana has rejected Nana Kwame Bediako's attempt to halt Cola Holdings Limited from implementing an English High Court ruling registered within Ghana. The court additionally imposed a fee of GH¢20,000 in favor of Cola Holdings Limited against Nana Bediako, a businessman and political figure. Judge Mrs Awuah Dabanka-Bekoe, heading the High Court's Commercial Division 3, dismissed Nana Bediako's application, which was submitted via his legal counsel, Mr Bobby Banson.

The application sought a restraining order to prevent Cola Holdings from enforcing the English judgment while Nana Bediako's appeal against an earlier court decision to reverse its registration in Ghana was being considered. The English judgment, issued on January 23, 2025, was acquired by Cola Holdings against Nana Bediako personally and registered at the Ghana High Court on May 20, 2025.

Earlier, Nana Bediako had approached the Commercial Division 3 seeking to annul the registration, but the court denied this request on November 27, 2025. The London judgment compelled Nana Bediako to remit $14,928,314.70, or its sterling equivalent at the time of payment, to Cola Holdings. Additionally, he was obligated to pay a daily compound interest of $3,271.96 from January 23, 2025, at an annual rate of eight percent on the judgment amount.

The judgment stemmed from a Deed of Indemnity signed by Nana Bediako concerning his share of a loan repayment from the International Finance Corporation (IFC). Cola Holdings guaranteed the loan given to Kensington Residential Partners 1 Ltd, a company where Nana Bediako and Azad Cola possess shares. After the borrower's failure to meet the loan obligation, the IFC directed Cola Holdings, as the guarantor, to cover the outstanding sum, which the company subsequently paid.

Subsequently, the IFC transferred its stake in the loan to Cola Holdings, who then attempted to recover the fraction of the loan covered by the indemnity from Nana Bediako. Upon failing to succeed, Cola Holdings initiated proceedings against Nana Bediako at the London High Court, securing a ruling in its favor. Subsequently, Cola Holdings registered the judgment at Ghana's High Court Commercial Division in Accra to enforce it within the country.

Nana Bediako's most recent effort aimed to avert the enforcement of the registered judgment pending the resolution of his appeal against the initial court decision to reverse its registration.