Michael Blackson attacks the government on Eurobond Losses that impact funding for schools.

Actor and comedian Michael Blackson, who is Ghanaian-American, has voiced his dissatisfaction with the Ghanaian government, saying it has harmed his investments that were meant to finance the Michael Blackson Academy, a free school in Agona Nsaba.

Blackson stated in a series of posts on X (formerly Twitter) that he bought Eurobonds to help fund his school’s long-term operations.

Nonetheless, he said that the government’s efforts to restructure the debt have negatively impacted his investment results. “Ghana decided to use our money to pay their debt to China or whoever and leave us hanging,” Blackson stated.

He continued by criticizing the Finance Ministry for providing bondholders with unfavourable terms, such as a lesser cut with only 1.9% interest over 15 years or a 37% cut with 5% interest over 11 years.

Blackson is determined to continue operating his academy, which provides free instruction and uniforms to kids in kindergarten through Basic 3.

“I would simply turn over my school to the people and walk away if it weren’t for my love and passion for the underprivileged youth of Ghana,” he continued. Three years after its founding, the Michael Blackson Academy still helps local kids with their educations in spite of Blackson’s difficulties in obtaining long-term funding.