The presidential candidate for the New Force in 2024, Nana Kwame Bediako, has provided clarification regarding the enforcement of a US$14.9 million judgment in Ghana, which follows a ruling from a court in the United Kingdom, emphasizing the legal processes involved.
In a public statement issued on January 23, 2026, the business magnate and President of the Kwarleyz Group, Bediako, expressed that recent reports circulating in both traditional and social media have misrepresented the facts related to the judgment obtained by Cola Holdings Limited.
Bediako stated that he has never taken out a loan from Cola Holdings Limited, nor has the company made any payments to him personally.
“I have not taken any loan from Cola Holdings Ltd, and Cola Holdings Ltd has not disbursed any funds to me. The transaction that led to the aforementioned judgment is based on a loan taken by Kensington Residential Partners 1 Limited (KRP 1) from the International Finance Corporation (IFC).
“The shareholders of KRP 1 include myself and Mr. Azad Cola, the owner of Cola Holdings Limited. Thus, I was taken aback when I learned that Cola Holdings Limited had initiated legal action against me personally in the United Kingdom (UK) to recover the loan contracted by KRP 1 from the IFC.
“I later discovered that the attorneys I engaged to represent me in discussions with Cola Holdings’ lawyers in the UK failed to file any defense documents in response to the action,” part of the statement read.
After the UK judgment was registered in Ghana, Bediako mentioned that he directed his Ghanaian lawyers to contest its enforcement, asserting that the judgment was obtained through fraudulent means and that enforcing it would violate public policy.
“I instructed my lawyers in Ghana to oppose the enforcement of the judgment on the basis that it was fraudulently obtained and that its enforcement would contravene public policy.
“Following the High Court Judge’s refusal to annul the registration of the foreign judgment, I have directed my lawyers in Ghana to file an appeal against the decision.
“I have also directed my legal representatives to initiate proceedings to prevent the enforcement of the alleged judgment from the UK until all appeal processes have been fully exhausted.”
He characterized this situation as unjust enrichment and a misuse of the judicial process, contending that Cola Holdings neglected to inform the UK court about its prior initiation of proceedings against KRP 1 in Ghana concerning the same debt.
He asserted that this supposed concealment of significant facts constituted fraudulent misrepresentation, which misled the UK court into issuing a judgment against him.
“It is also important to highlight that Cola Holdings failed to inform the courts in the UK that it had also initiated actions to enforce that same debt against KRP 1 in Ghana. This concealment of essential facts from the UK courts represents the fraudulent misrepresentation that misled the UK court into granting the judgment against me.
“I want to reassure the public that I have faith in the rule of law and the justice system in Ghana.
“I am confident that once all processes have been completed, the truth will prevail, and no amount of scheming by foreign entities and their Ghanaian associates will hinder my efforts to contribute to the development of Ghana and Africa as a whole,” the statement concluded.
