Actor and comedian, Michael Blackson
Ghanaian-born American comedian and actor Michael Blackson has called on Ghanaians to elect a God-fearing leader in the upcoming December 7, 2024 elections.
The comedian had been expressing his frustration with the Ghanaian government over the mishandling of his $1 million Eurobond investment.
In a series of posts on his X handle since September 17, Blackson criticised the government's debt restructuring program, which significantly reduced the returns on his investment which was meant to support his free school project for underprivileged children.
He revealed that he had only received one interest payment before the government restructured its debts.
"I got one payment and it stopped. It’s been two years, mind you they had my $1 million, and I had to find $10,000 each month [to run the school]," he lamented.
In his message to Ghanaians on X, Blackson urged the citizens to make wise choices in the upcoming elections.
"If we want to be respected like other great countries of the world, we have to do better," he tweeted, adding, "Hopefully, we select a God-fearing person that will do the right thing."
As part of the debt restructuring programme, bondholders were given two difficult options: take a 37% cut with a 5% interest rate and an 11-year maturity date, or retain the principal amount with a lower 1.9% interest rate but wait 15 years for maturity.
Blackson described the situation as unfair, accusing the government of using investors’ funds to settle foreign debts. "They used our money to pay their debt to China or whoever and left us hanging," he said.
He also hinted at taking legal action against the Ghanaian government at the International Court of Justice.
"Bonds only go bad if there’s some kind of civil war. You don’t take your customers’ money and pay your debt with it," he stated.
See the posts below:
Because of what happened to me n many other people it will be very hard for anyone to invest in our continent. Ghana will be a place of enjoyment to me not a place of business.
— Michael Blackson (@MichaelBlackson) September 19, 2024
This is a perfect example that when something sounds too good to be true don’t to do it. In America you can get about 5% interest rates on your bond, Ghana was offering like 11% on the euro bonds. That whole time it was a set up smh.
— Michael Blackson (@MichaelBlackson) September 19, 2024
I fear no one but God, I will tweet everyday till something is done. I’m an American by naturalization but I’m Ghanaian by blood, both countries have freedom of speech so I will speak my mind.
— Michael Blackson (@MichaelBlackson) September 19, 2024
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