'I need my money back!' - Micheal Blackson fumes over locked-up funds

Comedian and actor, Michael Blackson

Tue, 17 Sep 2024 Source: www.ghanaweb.com

Ghanaian-born American comedian and actor Michael Blackson, has expressed his frustration with the Ghanaian government, accusing it of mishandling his investments.

In a series of posts on X, Blackson revealed that he had invested in Eurobonds to fund his school, the Michael Blackson Academy, in Agona Nsaba.

However, he has faced difficulties in recouping his investment.

He claimed that the Ghanaian government used the funds to pay off debts to China or other creditors, leaving investors like him in a difficult position.

"Ghana decided to use our money to pay their debt to China or whoever and leave us hanging," he wrote.

Frustrated by the situation, Blackson called out the Finance Minister, questioning the handling of the investments.

"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-year maturity date. I’m very disappointed in my people for this," he posted.

He lamented that the government's actions have forced him to consider alternative funding methods, such as a 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 might have to do a go fund me smh.

"Ghana robbed me and a lot of other people that trusted them enough to invest in that country," he lamented.

Despite these challenges, Blackson remains committed to keeping the Michael Blackson Academy running.

The school, founded three years ago, offers free education to children from kindergarten to Basic 3 and provides free uniforms to the pupils.

"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.

Below are some of his posts on X: