News:
February 3, 2014
Member of Parliament for Ayawaso West Wuogon, Emmanuel Kyeremanteng Agyarko has challenged the Archbishop of the Christian Action Faith Ministries, Nicholas Duncan Williams to be bold and speak to the mismanagement of the economy by the present administration.
According to him, the downward depreciation of the cedi which has already depreciated by three per cent against the major international currencies in one month is attributed to maladministration and nothing to do with spirituality which should require prayers to make the currency appreciate.
The US dollar, which sold at Ghc2.20 on the local foreign exchange market before Christmas last year, now sells at Ghc2.60. The British pound, which sold at Ghc3 now sells at Ghc4.20.
The euro and CFA are also selling at Ghc3.50 and Ghc4.80 respectively.
In a bid to rescue the local currency Archbishop Nicholas Duncan-Williams at a church service over the weekend spiritually “commanded” the falling cedi to “rise”.
In a fervent prayer for the recovery of the fast depreciating cedi, the Presiding Bishop, 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”.
Archbishop Duncan-Williams also led his church to pray for President John Mahama, Finance Minister Seth Tekper and Central Bank Governor Dr Henry Kofi Wampah, for divine help and guidance to salvage the cedi.
However, contributing to a discussion on Peace FM’s Kokrokoo show on Monday, Hon. Kyeremanteng Agyarko stated that in as much as he is a Christian and believes in the power of God to change situation, the problem with the cedi is more of a human action or inaction and not spiritual.
“There is nothing God cannot do, yet he put man in charge of several things to manage, the issue with the cedi is about economic mismanagement. We’re always quick to blame the devil for so many things instead of doing introspection to see where the fault lies” he said.
Hon. Kyeremanteng Agyarko noted that the weakening of the cedi is the fallout of what transpired in the run up to the 2012 general election where huge sums of monies were spent by government for political gains.
GhanaMPs.gov.gh