American comedian Michael Blackson has revealed his disappointment with the responses he received from Ghanaian decision-makers after the government redirected his $1 million Eurobond investment.
In his posts on X, the comedian shared how he reached out to key figures in the country’s leadership, only to be met with apologies that did little to address the situation.
Blackson wrote, “I even hit up the big guys that make decisions in Ghana, and they told me they’re sorry. Sorry for taking hardworking people’s money and paying your debt to China?”
He further expressed his frustration with the lack of accountability, noting that “Ghana’s favorite word when they do you wrong is ‘I’m sorry.’”
Blackson made it clear that while he remains committed to his school, he feels deeply betrayed by the government’s handling of his investment, stating, “Ghana robbed me and a lot of other people that trusted them enough to invest in that country.”
The Republic of Ghana has initiated a significant Eurobond debt restructuring offer, aiming to alleviate its growing debt burden as the country grapples with severe economic challenges, including inflationary pressures, a depreciating currency, and mounting fiscal deficits.
The Exchange Offer and Consent Solicitation, announced by the Ministry of Finance on September 5, 2024, forms a crucial part of the government’s strategy to restore fiscal stability and reduce its unsustainable debt load.
The initiative is seen as a vital component of Ghana’s broader recovery plan, which is backed by the International Monetary Fund (IMF) under a $3 billion Extended Credit Facility.
