The founder of Action Chapel International, Archbishop Nicholas Duncan-Williams, has prayed about the problems facing the Ghana cedi.
A severe economic crisis that has been characterized by a sharp devaluation against the US dollar, raging inflation (now at over 40%), and an overall increase in the cost of living has had a significant negative impact on the local currency.
However, the “Papa,” as he is called, thinks that prayer, in addition to economic and political measures, was a smart way to stop and stabilize the declining currency.
Duncan-Williams begs his congregation in a video he released on his official Twitter account on November 7, 2022, to speak out and pray for the cedi’s stability.
“All things are possible to him that believes, I said all things are possible to him that believes. We speak to the cedi. We prophesy to the cedi, let the cedi stabilize.
“Open your mouth, put your hands together, prophesy, speak to the cedi… open your mouth, speak to the cedi, prophesy, arrest the cedi, stabilize it in prayer. In the name of Jesus,” he added.
This is not the first time Archbishop Duncan Williams is praying for the cedi,he did same in the year 2014 when the country’s currency (cedi) was falling for the other currencies.
In 2014,Archbishop Nicholas Duncan-Williams spiritually “commanded” the falling cedi to “rise”.
Leading his followers, in Church (Sunday), to pray for the recovery of the fast depreciating local currency, the Presiding Bishop and General Overseer of the Christian Action Faith Ministries (CAFM) headquartered in the national capital, Accra, said: “…I hold up the cedi with prayer and I command the cedi to recover and I declare the cedi will not fall; it will not fall any further. I command the cedi to climb. I command the resurrection of the cedi. I command and release a miracle for the economy”.
The cedi has already depreciated by three per cent against the major international currencies within a month.
“In the name of Jesus, say Satan take your hands off the President; take your hands off the Central Bank and the Finance Minister. Say we release innovation for the President, my God, the Governor of the Bank of Ghana, Central Bank, in the name of Jesus Christ the son of God, the Finance Minister. Say we command new ideas, breakthroughs and a miracle for the economy. Let the cedi rise in Jesus name”, he led in prayer.
The US dollar, which sold at Ghc2.20 on the local foreign exchange market before Christmas last year, now sells at Ghc2.60.
Previously trading at GHC3, the British pound now costs GHC4.20.
The selling rates for the CFA and euro are Ghc4.80 and Ghc3.50, respectively.
The value of the native currency decreased by 17% in 2013.
The cedi depreciated by 21.96% versus the dollar, 28.88% against the pound sterling, 23.98% against the euro, and 25.54% against the Swiss franc when compared year over year.
In an effort to support the cedi, the Bank of Ghana recently invested $20 million in crucial sections of the economy.
For heavenly assistance and direction to save the cedi, Archbishop Duncan-Williams also led his congregation in prayer for President John Mahama, Finance Minister Seth Tekper, and Central Bank Governor Dr. Henry Kofi Wampah.
Source: Ghanatodayonline.com/Louis Gyamerah