Ghanaian-American comedian Michael Blackson has voiced his frustration over financial losses caused by the Ghanaian government. In a series of posts on X (formerly Twitter), Blackson revealed that he had invested in Eurobonds to support his free school, the Michael Blackson Academy, in Agona Nsaba, but has struggled to recover his investment.
He explained that the funds from the Eurobonds were meant to sustain the school’s operations, but instead, the Ghanaian government used the money to pay off debts, leaving investors like him in a difficult position. Blackson expressed disappointment, particularly with the Finance Minister, for offering poor returns on the bonds. Investors were given two unfavorable options: either accept a 37% reduction with a 5% interest rate over 11 years or avoid the cut but get only a 1.9% interest rate with a 15-year maturity period.
Despite the financial setback, Blackson remains committed to keeping the school running. His passion for helping disadvantaged children motivates him to continue, though he admits that without this drive, he might have considered walking away from the project.
The Michael Blackson Academy, which has been in operation for three years, provides free education from kindergarten through Basic 3, along with free uniforms for the students.
