“Who’s the minister of finance in Ghana? I have beef with this guy” -Michael Blackson

American comedian and actor of Ghanaian descent, Michael Blackson, has expressed frustration with the Ghanaian government, accusing them of mismanaging his investments.

In a series of posts on social media platform X, Blackson revealed that he purchased Eurobonds to fund his free school, the Michael Blackson Academy, in Agona Nsaba. However, he claimed he has been unable to recover his investment due to the government prioritizing debt repayments over local investors.

Mr. Blackson criticized the Finance Minister, alleging that funds from diaspora investors like himself were used to pay off debts to China, leaving investors with two unfavorable options: accept a 37% loss with 5% interest and an 11-year maturity period, or no loss with 1.9% interest over 15 years.

“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 11 yrs maturity date or no cut but 1.9% interest with 15 yrs maturity date. I’m very disappointed in my people for this,” he posted.

Despite his disappointment, Blackson remains committed to keeping the Michael Blackson Academy, which offers free education and uniforms to children, running. He emphasized his dedication to helping underprivileged youth in Ghana, despite the financial setbacks.

“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.

Find below the screenshots of his post on X: