
Audio By Carbonatix
Ambassador-designate, Dr. Tony Aidoo has described as "comic relief", a prayer by Archbishop Nicholas Duncan-Williams to save the local currency which is falling at a meteoric speed.
The General Overseer of the Christian Action Faith Ministries (CAFM) on Sunday led his congregation to pray fervently for the recovery of the fast depreciating Ghana Cedi.
“…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 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.
The rate of fall of the local currency has baffled managers of the economy and frustrated businesses that import products and students pursuing international programmes that make dependent on foreign currencies.
The Archbishop Sunday prayed for among other things, the stability of the cedi.
But speaking Monday on the Super Morning Show on Joy FM, Dr. Tony Aidoo said the act by the Archbishop "is a big problem for us because it goes to enforce the [un-developmental] attitude of Ghanaians".
"We woke up this morning to hear from Archbishop Duncan-Williams that he commanded the cedi [sic] to come down. At best it's a comic relief," he said.
"...Is he going to command the people [traders] at Abossey-Okai not to go to China and Japan to import the spare parts? How is he going to feed those people?...What kind of attitude is this?"
The Head of Policy Monitoring and Evaluation at the presidency maintained that, "For us to change the economy we need to cultivate a developmental culture; that's the starting point [and] it's a way of life".
"...In any society which has excessive religiosity...you attribute everything that is positive to God and everything that is negative to the devil...and then you become vulnerable to exploitation of the clergy".
"It is only lazy people who become excessively religious because they want to transfer their responsibilities to others to solve," he asserted.
Dr. Tony Aidoo believes that attitudinal change and a change in the structure of the economy are the requirements to stabilise the cedi and not prayers.
Latest Stories
-
Africans must go… But to where?
12 minutes -
SIMS executive urges community banks, fintechs to partner for deeper financial inclusion
28 minutes -
NPP beats NDC with 49% support in new APL national vote tracker
32 minutes -
Business incubators as a de-Risking tool for SME financing in Ghana
33 minutes -
Why Ghana can’t ignore plastic pollution and marine litter: A World Ocean Day reflection
41 minutes -
Ghana’s economy set for 5.9-6.1% growth in 2026 despite Middle East tensions – Standard Bank Research
45 minutes -
Kennedy Agyapong’s statements undermine NPP’s good name – Ahiagbah
1 hour -
I will not rest until Bawumia becomes Ghana’s President in 2028 – Wontumi
1 hour -
Ignore the distractions – Sammi Awuku urges Bawumia
1 hour -
NCPTA backs GES ban on extravagant graduation ceremonies in basic schools
1 hour -
Bibiani NPP coordinators demand resignation of Western North Regional Chairman over mass disqualification
1 hour -
UTAG gives government June 30 deadline to resolve welfare issues or face strike
1 hour -
Ghana’s non-traditional exports exceed $5bn mark
1 hour -
Stanbic Bank rewards FIFA World Cup winners and launches new Visa local card usage initiative
1 hour -
Handicrafts sector records 500% growth in exports – GEPA
1 hour