In a series of posts on X, comedian Michael Blackson revealed that his investment in Eurobonds to fund the Michael Blackson Academy in Agona Nsaba, Ghana, has faced significant challenges. Blackson shared that the Eurobonds were meant to provide long-term support for his school, but he is struggling to recoup the funds due to the Ghanaian government’s use of investor money to pay off debts.
Expressing his frustration, Blackson said, “Ghana decided to use our money to pay their debt to China or whoever and leave us hanging.” He called out the Finance Minister, highlighting the poor investment terms offered: either take a 37% cut with a 5% interest rate over 11 years or receive just 1.9% interest with no cut but over a 15-year period.
Despite the setback, Blackson remains committed to keeping the Michael Blackson Academy, which offers free education and uniforms to children from kindergarten to Basic 3, running. He expressed his dedication, saying, “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.”
Blackson’s posts reflect his frustration with the situation but also his unwavering commitment to his school and the children it serves.