Ghanaian-American comedian and actor Michael Blackson has publicly voiced his frustrations with the Ghanaian government over their handling of Eurobond investments. In a recent post on X (formerly Twitter), Blackson expressed his dismay over the country’s decision to use money, including his personal $1 million investment, to pay off debts instead of funding essential social projects, such as the free school he built for underprivileged children in Ghana.
In his tweet, Blackson stated, “I’m taking Ghana to the world court they won’t get away with this… I did the Eurobonds because I figured that will help pay for the life span of the free school I built.” He went on to accuse the government of misusing funds from Eurobonds to repay external debts, particularly to China, leaving investors with unfavorable options, such as a significant cut in returns or minimal interest over an extended period.
Blackson revealed his deep disappointment in the Ghanaian financial system, pointing out that he had initially ignored his financial advisor’s warning about investing in the country. “When I was wiring the money from the States, my financial advisor advised me not to, but I had confidence in my motherland, and they proved me wrong,” he tweeted.
The comedian’s public outburst comes at a time when many in the diaspora, like Blackson, are eager to contribute to the development of the African continent. However, incidents like these raise concerns about trust in the financial management of certain governments. Blackson has called out Ghana’s Minister of Finance and demanded accountability, remarking, “Ghana, if we want to be respected like other great countries of the world, we have to do better.”
Despite this financial setback, Blackson remains committed to his philanthropic work in Ghana, promising to continue supporting the school he built, even though the country’s actions have forced him to rethink his strategy.
The situation underscores ongoing debates about debt restructuring and management in African countries, as well as the role of the diaspora in national development.
Source: Ghana/Starrfm.com.gh/103.5FM/Emmanuel Mensah