American comedian and actor of Ghanaian descent, Michael Blackson, has vented his spleen on the Ghanaian government for ruining his investments.
Michael, in a series of posts on X, writes that he had purchased Eurobonds to run his school at Agona Nsaba (Michael Blackson Academy), but has had challenges with recouping his investment.
According to him, he did the Eurobonds because he figured that would help pay for the life span of the free school he built. However, he said, “Ghana decided to use our money to pay their debt to China or whoever and leave us hanging.”
Unhappy with the situation, he called out the Finance Minister in the wake of his concerns.
“Who’s the minister of finance in Ghana? I have beef with this guy. People of the diaspora decided to invest in our continent and they used our money to pay their debt and gave us two options. Either take a 37% cut and receive 5% interest with an 11-year maturity date or no cut but 1.9% interest with 15 15-year maturity date. I’m very disappointed in my people for this.”
Michael Blackson
The Michael Blackson Academy, founded three years ago offers free education to children from kindergarten to Basic 3. They also provide free uniforms to the pupils.
Despite all these challenges, Blackson says he is resolute in his bid to keep the school running.
“If it wasn’t for the love and passion I have for the unprivileged youth of Ghana, I would just hand my school to the people and walk away but I can’t. I’ll have to work a little longer than I expected to help those kids,” he wrote.
He lamented that the government’s actions have forced him to consider alternative funding methods, such GoFundMe campaign.
Blackson also highlighted the implications of the government’s actions, noting that it undermines trust in Ghana as a viable investment destination.
“Now I understand why Trump calls some of these 3rd world countries a shit hole country. Taking advantage of your people is a shit-hole move. Ghana stole the money I invested to keep my free school going so now.
“I’m sure there are lots of people affected by this Ghana euro bonds fiasco so I’m fighting for all of us. People invested their life savings just to be taken advantage of.”
Michael Blackson
He further noted that Ghana has set him back financially, adding that he will never forgive Ghana for this.
“I even hit up the big guys that make decisions in Ghana and they told me they were sorry lol. Sorry for taking hardworking people’s money and paying your debt to China?” he quizzed.
Celebrity Reactions to Michael Blackson’s Eurobond Investment Woes
Some celebrities have responded to Michael Blackson’s outburst regarding the Ghanaian government ruining his investments.
His comments have since sparked widespread reactions on social media, particularly among celebrities including media personalities.
Many expressed disappointment for how it has treated Michael Blackson, while others worry that it reflects poorly on the country. Some believe that these allegations should be taken seriously, as they could deter potential investors globally.
“Michael Blackson is talking about Ghana instead of mentioning Akuffo Addo and Bawumia. He didn’t hesitate to name JM when he had to drag him. Mtseeeeew.”
Bridget Otoo
“I pray the international media houses to pick up this Michael Blackson issue.”
KalyJay
“I feel your pain, Mike. I stopped chasing my locked up at GCFM around 2021 after losing hope of ever getting it back. 3 years on, I’m still getting texts from the Aggrieved GCFM Customers group. This is real. This is life. This is @NAkufoAddo’s legacy that we feel. Daily.”
Gary Al-Smith
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