Renowned Ghanaian actor and New Patriotic Party (NPP) supporter, Agya Koo, has sparked a heated debate with his recent comments on the cedi’s depreciation.In a statement that has drawn both criticism and support, Agya Koo attributed the cedi’s decline to Ghanaians hiding US dollars in their homes, rather than circulating them through the economy.

According to Agya Koo, the practice of hoarding dollars is a deliberate attempt to undermine the current administration, and he believes it is detrimental to Ghana’s economy. “Ghanaians are hiding dollars in their homes, creating artificial shortages and fueling the cedi’s depreciation,” he claimed. “This behavior is harmful to our economy and hinders businesses and individuals from accessing foreign currency for legitimate purposes.”

Agya Koo’s comments have drawn mixed reactions from Ghanaians, with some supporting his stance and others criticizing his oversimplification of a complex issue. While some agree that currency hoarding may contribute to the problem, others argue that the cedi’s depreciation is a symptom of deeper economic issues, including inflation, trade deficits, and monetary policy decisions.

As the debate continues, Ghanaians are calling for a comprehensive approach to address the cedi’s depreciation, including policy reforms and education on the importance of circulating foreign currency.

The cedi’s depreciation has been a pressing concern for Ghanaians, with many calling for swift action to address the issue. As the conversation continues, one thing is clear: finding a solution to support Ghana’s economy is a collective responsibility that requires the effort of all stakeholders