Rapper D-Black, born Desmond Blackmore, has weighed in on the frustrations expressed by comedian Michael Blackson regarding his investment experience in Ghana.
Blackson, who ventured into the Ghanaian market with high hopes, faced significant challenges after losing money on a Eurobond investment.
D-Black pointed out that Blackson’s situation is particularly troubling given the current climate for foreign investments in Ghana. He raised a crucial question: “So why will foreign people come and invest in Ghana at this point with foreign currency?”
READ ALSO: I Was Robbed and Threatened- Michael Blackson Calls Out Ghana Over $1M Loss
This scepticism is rooted in the struggles faced by investors who, like Blackson, are not only dealing with fluctuating currency values but also with extended waiting periods for returns on their investments.
Blackson reportedly lost a substantial amount of money as the dollar’s value shifted, making the prospects of earning back his investment seem increasingly dim.
In the context of Blackson’s investment, D-Black remarked on the impracticality of being required to wait 15 years to see any returns.
He highlighted the pressing financial responsibilities associated with managing a school, stating, “You have to pay teachers, you have to pay maintenance, you have to pay feeding.
You have to pay a lot of stuff.” The rapper expressed concern over Blackson’s inability to access his funds, which were intended for educational purposes.
“It’s not fine,” D-Black lamented, emphasizing that this is not merely a political issue but a genuine concern for anyone looking to invest in Ghana’s economy.
Don’t miss out! Get your daily dose of Entertainment news and more straight to your phone. Join Ghana Street Journal Whatsapp channel now!
Don’t miss out! Get your daily dose of Entertainment news and more straight to your phone. Join Ghana Street Journal Whatsapp channel now!
