“Churches are the cause of the cedi depreciation not the government”- Rev Obofour

celebrated man of God, Rev Obofour has shed some light into what he thinks is the cause of Ghana’s currency woes as it depreciated by more than 10% to the dollar in 2019.

According to the man of God, many churches are the cause of this problem because they have headquarters outside the country and therefore converts all offering into foreign currencies which they send abroad.

“There is always instability in the cedi because if government works on stabilizing the currency up until Friday, the churches after doing their transfers make the cedi weak again.”

“So which President can change the fortunes of Ghana? The president cannot also complain because he is scared because there are more Christians in the country.”

Cobby Collins

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