Ghanaian-American comedian and actor Michael Blackson has taken to social media to vent his frustration with the Ghanaian government, citing its detrimental impact on his investments meant to support his philanthropic endeavours.
Blackson, founder of the Michael Blackson Academy in Agona Nsaba, revealed on X (formerly Twitter) that he had invested in Eurobonds to secure the long-term sustainability of his free school.
However, the government’s debt restructuring initiatives have significantly diminished his returns, putting his educational project at risk.
The comedian’s tweets expressed disappointment and concern over the government’s handling of the economy, which he believes has compromised his ability to support his charitable causes.
“Ghana decided to use our money to pay their debt to China or whoever and leave us hanging,” Blackson wrote.
He went on to criticize the Finance Ministry for offering bondholders difficult terms, including either a 37% cut with 5% interest over 11 years or a smaller cut with only 1.9% interest over 15 years.
Despite these financial setbacks, Blackson remains committed to running his academy, which offers free education and uniforms to children from kindergarten to Basic 3.
“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 added.
The Michael Blackson Academy, founded three years ago, continues to provide educational support to children in the community despite the challenges Blackson faces in securing sustainable funding.
