Michael Blackson, an American comedian and actor of Ghanaian heritage, has blamed the Ghanaian government for damaging his investments.
In a series of articles on X, Michael writes that he obtained Eurobonds to run his school, Agona Nsaba (Michael Blackson Academy), but has struggled to return his investment.
According to him, he issued Eurobonds to assist pay for the life of the free school he founded.
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 response to 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 11 yrs maturity date or no cut but 1.9% interest with 15 yrs maturity date. I’m very disappointed in my people for this,” he posted.
The Michael Blackson Academy, founded three years ago, offers free education to children from kindergarten to Basic 3 and free uniforms.
In spite of all these challenges, Blackson is resolute about keeping 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,” he wrote.
