Over the years it’s become almost normal to hear the story of a veteran actor who has been struck by some illness in their old age and are now out of money and desperately looking for help from the public.
Trying to understand why it happens to so many veteran stars, some of whom were the biggest of their day, is not easy to pin down.
Back then they didn’t make as much money as they could make today but they also didn’t have many opportunities to maximise revenue through social media and the like, and financial management was certainly not part of the portofolio back then.
Some of them though genuinely wasted their money leading extravagant lives.
Another veteran actress, Grace Omaboe, aka Maame Dokono, has laid the blame for actors going broke right at their own feet.
According to her, majority of them did not take good care of their finances when they were making good money and therefore they have no one to blame but themselves for their current predicament.
She added that the males especially spent all their money chasing women and drinking.
The actress commended the current generation of actors such as Lil Win and Agya Koo for securing their financial futures much better than her generation did.