Court rejects Cheddar’s application to suspend enforcement of US$14.9m judgment, awards GH¢20,000 costs

The application, filed by his lawyer Bobby Banson, sought to prevent Cola Holdings from enforcing a judgment of the High Court of England and Wales pending the determination of an appeal against an earlier decision refusing to set aside the registration of the judgment in Ghana.

Cola Holdings then sought to recover from Mr Bediako the portion of the loan it said he was obligated to repay, eventually leading to proceedings before the High Court in London.

The court also rejected Mr Bediako’s claim that Cola Holdings had no traceable assets in Ghana.