Analysis: No Spiritual Power Can Stop the Depreciation of the Ghanaian Cedi – By Dr Michael J.K. Bokor

The writer, Dr Michael J.K. Bokor

Folks, let’s be blunt upfront to say that the extent to which the so-called Men-of-God in Ghana are carrying their obsession with “spirituality” is more than annoying.

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All over the country, they are up on their feet, delivering “prosperity messages” and hiding behind them to exploit their gullible followers; giving useless prophecies (such as the one by Owusu-Bempah that President Mahama would die last year. Or that Akufo-Addo was to win the 2012 elections hands-down short of which there would be disaster in Ghana); doing partisan politics under the guise of religion and fanning the flame of ethnicity and division in the country; and many more.

Their activities are troubling. Now, they seem to have seen beyond such perspectives to wrap everything around dangerous speculation.

The free fall of the Cedi has now become the focus of their “religious fervour”; and they really annoy me beyond bounds.

I daresay right-away that no amount of “all night prayers” or invocation of any spirit (be it God as configured in the diverse imaginations of those subscribing to it as a supernatural force or the Supreme Deity with a creative, punitive, destructive, or redemptive power or any other) can solve problems that have nothing to do with spirituality.

I have said it several times already that, physical problems are solved physically and spiritual problems, spiritually. Thus, if anybody attempts doing otherwise, he/she comes across as either spiritually blind or physically incapacitated.

The depreciation of the Ghanaian currency (Cedi) is the result of many shortsighted measures and rampant misuse of resources or the failure of those through whose hands the Cedi passes or those in authority expected to enunciate workable policies to control its ebb and flow.

We have already expressed concern that there is too much laxity in the system that has negatively affected the Cedi. What is expected is for the government to enforce measures to stabilize the situation. Some measures have already been announced; but they can’t solve the problem unless productivity is boosted and fiscal discipline enforced.

Against this background, I find it to be extremely provocative for a Ghanaian Church leader to assume airs and begin blowing issues out of all reasonable proportions to create the impression that the fate of the Cedi is shaped and determined by the Christian God.

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”.

“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.

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.



This Duncan Williams is no stranger to controversy. He is on record for having taunted his congregants that none of them could buy anything for him to wear because he always wore expensive clothes.

He is the only Man-of-God known to me to have divorced his wife (against all entreaties) to re-marry (an African-American woman)!

He is known for his flamboyance and what he says may resonate with those who think like him but not me. The eye of the needle is not part of his work!!

He has complained about money not flowing and urged the government to do all it can to change the situation—to increase the quantum of tithes and offertory given his church, I suppose, so he can continue to live in opulence. He has given me much to help me know him all the more.

But for him to begin doing the unimaginable as has been reported concerning his “invocation of God to make the Ghanaian Cedi stop falling”, I can’t help but say that he is on the cusp of something indescribable.

Of course, prayers can be said and answers to pleas forthcoming; but in my many years on this earth, I have never expected that a Man-of-God will go this way to create the impression that the falling rate of the Cedi is spiritually determined.

This move by Duncan Williams only goes to reinforce my poor impressions of characters like him who are so opportunistic as to think that they can capitalize on just anything happening in Ghana to advance their cause.

One of them also said the other day when the death of Komla Dumor was announced that more Ghanaian journalists would die this year. Until Komla’s death, he had no such prophecy to give us.

These characters are really registering and confirming their notoriety and should be known for the quacks that they are. I have said it and will continue to say that the descent into “spirituality” by Ghanaians all over the country is a major drawback to national development.

Ex-President Atta Mills tried it at the highest level only to be taken away without achieving anything concrete for which that approach to solving national problems should be upheld. It’s all a confirmation of misplaced priorities and lazy thinking in high places to solve physical problems.

God is not in the habit of coming down from the heavens to help us solve our existential problems. Once he has endowed us with the faculty (the capacity to think and plan how to live our lives), it is left to us to use our heads!! No prayers will solve problems that have nothing to do with prayers. How come that some Ghanaians are so lazy upstairs? Disgraceful.

I shall return…

The opinions expressed are the author’s and do not necessarily reflect the views or have the endorsement of the Editorial Board of, and