Businessman and President of the Kwarleyz Group, Nana Kwame Bediako, popularly known as Cheddar, has denied claims that he owes Cola Holdings Limited a US$14.9 million debt, insisting that the matter is still under legal review.
In a statement released to the media on Friday, January 23, 2026, Mr. Bediako clarified that he never personally took a loan from Cola Holdings. He said the disputed debt relates to a loan obtained by Kensington Residential Partners 1 Limited (KRP 1) from the International Finance Corporation (IFC), in which both he and Azad Cola, owner of Cola Holdings, are shareholders.
Mr. Bediako expressed surprise that Cola Holdings had initiated legal action against him personally in the United Kingdom, noting that his lawyers there failed to file a defence on his behalf. He has since instructed his legal team in Ghana to resist enforcement of the UK judgment, arguing that it was obtained through fraud and contravenes public policy.
After a Ghanaian High Court refused to set aside the registration of the foreign judgment, Mr. Bediako’s lawyers filed an appeal and other processes to prevent enforcement until all legal remedies are exhausted.
He further accused Cola Holdings of attempting to enforce the same debt simultaneously against him personally and against KRP 1 in Ghana, calling it “an abuse of the court process and an attempt at unjust enrichment.”
Reaffirming his faith in Ghana’s judiciary, Nana Kwame Bediako stated, “Truth will stand,” expressing confidence that justice will prevail once all legal processes are concluded.
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