[ 2014-02-03 ]

Duncan-Williams spiritually ‘commands the cedi to rise’
Archbishop Nicholas Duncan-Williams has
spiritually “commanded” the falling cedi to
“rise”.

Leading his followers, in Church today (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 this
month.

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 2013, the local currency suffered 17-per cent
depreciation.

The year-on-year depreciation shows a 21.96 per
cent depreciation of the cedi against the dollar;
28.88 per cent against the pound sterling; 23.98
per cent against the euro and 25.54 per cent
against the Swiss franc.

The Bank of Ghana recently injected $20 million
into critical areas of the economy as part of
efforts to shore up the cedi.

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.

“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.

Source - Radio XYZ

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