‘I'm taking Ghana to court for robbing me of my investment’ — Michael Blackson

Ghanaian-American comedian Michael Blackson has announced plans to take Ghana to international court over the country's seizure of his investment in Eurobonds.

In a series of social media posts on Tuesday, September 17, Blackson accused Ghana of "robbing" him of $1 million he had invested and using the funds to pay debts to China instead of supporting the free school he had built.

"Ghana is a great peaceful fun place to visit just be careful when it comes to any business move," Blackson wrote.

He said his financial advisor had warned against the investment but "l had confidence in my motherland and they proved me wrong."

Blackson said he invested in Ghana's Eurobonds, which were offering a 10% yield, to be used to run the school.

"Who's the minister of finance in Ghana? I have beef with this guy," wrote Blackson. "Ghana if we want to be respected like other great countries of the world we have to do better."

With his investment funds now seized, Blackson says he will have to find other means to support the school, such as fundraising. "Ghana has set me back financially and I'll never forgive them for this," he stated.

Ghana submitted debt restructuring scenarios to bondholders in October 2023 which reportedly led to a haircut of 30% to 40% on principal, a coupon of not more than 5%, and a final maturity of not more than 20 years.