The High Court in Accra has authorised UK-based Cola Holdings and its appointed receiver, Nii Amanor Dodoo, to take possession of the No. 1 Oxford Street Hotel in Osu with police assistance.
The order was granted on Tuesday, July 21, 2026, by Justice Faraday Johnson of the Commercial Division 6 of the High Court.
The application followed Kensington Residential Partners 1 Limited’s refusal to voluntarily surrender the property to the receiver.
Kensington Residential Partners 1 Limited, whose director is Nana Kwame Bediako, popularly known as Cheddar, opposed the application. However, the court dismissed the company’s objections.
According to court documents, Justice Johnson ruled that Cola Holdings had complied with the legal requirements under the Borrowers and Lenders Act, 2020 (Act 1052).
The court found that the company had properly registered its security interest over the property and obtained the necessary approval to enforce its rights.
Justice Johnson further held that Kensington Residential Partners 1 Limited failed to provide sufficient evidence to justify refusing the application, paving the way for the receiver to take possession of the hotel.
Cola Holdings and the receiver were represented by lawyers Tsatsu Tsikata and Tata Kosi Foliba, while Bobby Banson and Isaac Akerefie-Mensah represented Kensington Residential Partners 1 Limited.
