18th September 2024 10:31:43 AM
1 min readMichael Blackson recently voiced his frustration with the Ghanaian government over financial losses tied to his investments.In a series of posts on X, the comedian shared that he had purchased Eurobonds to support a free school he built in Ghana.However, he now faces significant challenges in reclaiming his investment, as the government used the funds to pay off debts.
0
Blackson expressed his disappointment, stating that investors from the diaspora, like himself, are being unfairly affected.“Who’s the minister of finance in Ghana? I have beef with this guy. People from the diaspora chose to invest in our continent, and now our money is being used to pay debt, with two disappointing options: a 37% cut for 5% interest over 11 years, or no cut with just 1.9% interest over 15 years.
1
I’m very disappointed in my people for this,” parts of his post read.He criticized the financial management, highlighting the poor options for investors: either accept a 37% reduction with a 5% interest rate over 11 years or take no cut but receive only 1.9% interest over 15 years.His remarks have ignited a conversation online, with several celebrities and media figures weighing in.
2
The general consensus among the public is one of disappointment, with many concerned that this mishandling of investments could discourage future investors from engaging with Ghana.The issue has sparked debate on social media, calling into question the impact this could have on the country's reputation.See post below:
3
1 min read
1 min read
1 min read
2 mins read
1 min read
1 min read
2 mins read
1 min read
1 min read