Michael Blackson “Ghana Stole the money I invested to keep my free school going”

Ghanaian American comedian and actor Michael Blackson has voiced frustration with the Ghanaian government, alleging that its actions have jeopardized his investments aimed at supporting the Michael Blackson Academy, his free school located in Agona Nsaba.

In a series of posts on X (formerly Twitter), Blackson revealed that he invested in Eurobonds to ensure the long-term financial sustainability of his school. However, he claims the government’s debt restructuring efforts have significantly impacted his returns.

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“Ghana decided to use our money to pay their debt to China or whoever and leave us hanging,” Blackson wrote, expressing frustration over the situation. He also criticized the Finance Ministry for offering bondholders challenging terms, including either a 37% cut with 5% interest over 11 years or a smaller cut with just 1.9% interest over 15 years.

Despite these financial hurdles, Blackson remains dedicated to keeping the Michael Blackson Academy running, providing 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.

Founded three years ago, the Michael Blackson Academy continues to support children in the community despite the financial challenges Blackson faces in securing sustainable funding.