A US-based Ghanaian actor, Michael Blackson has expressed his frustration over losing his investments in Ghana.
He mentioned that he had purchased Eurobonds with the intention of funding his free school project with the returns.
Last year, the actor established a school in Ghana where he offers free education to students.
In a series of posts via X (formerly Twitter) on September 17, 2024, Michael Blackson shared the advice his financial advisor had given him regarding investing in Ghana.
He wrote: “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 years maturity date or no cut but 1.9% interest with 15 years maturity date. I’m very disappointed in my people for this.
“I did the Eurobonds because I figured that will help pay for the life span of the free school I built. Ghana decided to use our money to pay their debt to China or whoever and leave us hanging,” he lamented.
Blackson noted that he has been forced to hand over the school but he is being restrained by the love he has for the country’s youth.
“If it wasn’t for the love and passion I have for the underprivileged youth of Ghana I would just hand my school to the people and walk away but I can’t. I’ll have to work a little longer than I expected to help those kids out,” he said.
See some of his posts below:
I’m sure there are lots of people affected by this Ghana euro bonds fiasco so I’m fighting for all of us. People invested their life savings just to be taken advantage of
— Michael Blackson (@MichaelBlackson) September 17, 2024
Ghana 🇬🇭 robbed me and a lot of other people that trusted them enough to invest in that country
— Michael Blackson (@MichaelBlackson) September 17, 2024
Ghana 🇬🇭 has set me back financially and I’ll never forgive them for this.
— Michael Blackson (@MichaelBlackson) September 17, 2024
I even hit up the big guys that makes decisions in Ghana n they told me they sorry lol. Sorry for taking hardworking people’s money and paying your debt to China?
— Michael Blackson (@MichaelBlackson) September 17, 2024
SSD/MA
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