Acclaimed comedian and actor, Michael Blackson, has expressed significant disappointment with the Ghanaian government following its default on Eurobond payments.
Michael Blackson, who is of Ghanaian descent, had invested in Eurobonds to fund his charitable initiative, the Michael Blackson Academy, located in Agona Nsaba.
In a series of posts on X, Michael Blackson detailed his frustrations with the government’s decision to prioritize debt repayments to other nations, particularly China.
He stated that his investment was intended to ensure the long-term sustainability of the free school he established, but the government’s actions have jeopardized these plans.
The comedian also called out the Ghanaian Finance Minister, criticizing the government’s offer of two unfavourable options for bondholders: a significant haircut with a lower interest rate and a longer maturity period or a lower interest rate with an even longer maturity period.
Blackson expressed his deep disappointment in the government’s handling of the situation.
Despite the challenges posed by the government’s default, Blackson remains committed to the success of his academy.
The Michael Blackson Academy, founded three years ago, offers free education from kindergarten to Basic 3, as well as free uniforms for its students.
His investment in Eurobonds was intended to help secure the academy’s future, but the government’s actions have created significant uncertainty.
