Ghanaian-American comedian and actor Michael Blackson has expressed his gratitude to President John Dramani Mahama following the government’s decision to settle Domestic Debt Exchange Programme (DDEP) coupons totaling GH¢6.081 billion.
In a tweet on February 17, 2025, Blackson shared his excitement and humorously declared his allegiance to the National Democratic Congress (NDC).
“Look at God, this is a very great start for all bondholders. As of today, I’m officially a member of the NDC party. Mahama, you just put a smile on the faces of the kids at my free school,” he posted.
His comments come after a recent interview in which the comedian blamed the NPP government led by Akufo-Addo for his $1.2 million Eurobond investment being tied up as part of a debt restructuring program.
Michael Blackson’s investment, which was meant to fund his free school in Agona Nsaba, Central Region, was trapped in the DDEP under the previous administration.
He had since accused the NPP government of misusing his funds to service foreign debts, including those owed to China.
In the recent interview, he apologized for initially blaming Ghana, clarifying that the fault lay with the NPP.
Meanwhile, the government’s recent payment includes a GH¢3.46 billion Payment-In-Kind (PIK) portion deposited into bondholders’ securities accounts and a GH¢9.7 billion allocation to the Debt Service Recovery Cedi Account (Sinking Fund) as a buffer for future obligations.
President Mahama emphasized his administration’s commitment to fiscal prudence, transparency, and accountability, aiming to stabilize the economy and create jobs for Ghana’s youth.
The move has been hailed as a significant step toward restoring investor confidence in Ghana’s economy.
