Ghana has set me back financially – Michael Blackson

American comedian and actor of Ghanaian descent, Michael Blackson, has slammed the Ghanaian government for negatively affecting his investments.

In a series of posts on X (formerly Twitter), Michael shared that he had invested in Eurobonds to help run his free school, the Michael Blackson Academy, located at Agona Nsaba. However, he is now facing difficulties in recovering his investment.

According to Blackson, he chose Eurobonds because he believed it would help fund the school long-term. But now, he says, “Ghana decided to use our money to pay their debt to China or whoever and leave us hanging.”

Upset with the situation, Michael Blackson called out the Finance Minister.

“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. They gave us two options: either take a 37% cut and get 5% interest with an 11-year maturity date, or no cut but 1.9% interest with a 15-year maturity date. I’m very disappointed in my people for this,” he posted.

The Michael Blackson Academy, which was established three years ago, offers free education to children from kindergarten to Basic 3, and also provides free uniforms.

Despite the financial setbacks, Michael is determined 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,” he wrote.