Economic difficulties are the result of the government’s attack on the church – Nigel Gaisie

The founder of the Prophetic Chapel on the Hill, Prophet Nigel Gaisie, weighed in on the causes of the current economic difficulties in the country.

According to him, the New Patriotic Party-led government’s attack on the Church is at the heart of the economic headwinds that continue to make life unbearable for most Ghanaians.

In an interview with Accra-based Asempa FM, Gaisie explained how the government came to power on the back of a mantra “The Battle Belongs to the Lord”, but which it has abandoned since coming to power.

He also pointed to what he called gross mistreatment of Bishop Isaac Owusu-Bempah, a former spiritual ally of President Nana Addo Dankwa Akufo-Addo.

Asked if members of the clergy were unnecessarily targeting the government, he replied: “This government prayed against itself, God revealed to me that the chief of staff was on a boat on a road and did not anyone in the department will understand.

“They did two things. They came into office with the mantra, ‘The battle is with the Lord’ now, do you hear that? Because now they have the power, so they forget.

“The second is that you’re not attacking men of God, you’re not attacking the church. You can’t, you’re too small. Since their arrival, the Church has never been the same. Since the advent of this system, the Church has never been the same,” he stressed on the program “Kingdom Matters”.

He said that the attacks on clerics go through charismatics, down to Protestants, etc.

“Since this system has been in place, the church has never been the same, it’s not with me alone, I have colleagues complaining about the same worries. People can’t come to church because of hunger.

“It was the attack on the church that caused the difficulties. They didn’t have to attack Bishop Owusu-Bempah and I saw that in the spirit. One of the things that caused the colossal failure of this government nothing can bring back and take away from me as a spiritual person,” he reiterated.

Akufo-Addo addresses the nation on economic headwinds:

President Akufo-Addo has admitted that times are tough economically and that his government is working diligently to provide relief to citizens.

He stressed in an address on the economy that his administration was ready to work to restore and put the economy back on the path of progress and stability.

These views were contained in his October 30, 2022 address to the nation on the state of the economy.

“For us in Ghana, our reality is that our economy is in deep trouble. The budget set for the financial year 2022 has been turned upside down, disrupting our balance of payments and debt sustainability, and further exposing the structural weaknesses of our economy.

“We are in crisis, I am not exaggerating when I say that. I cannot find an example in history where so many malevolent forces have come together at the same time,” he added.

“But, as we have shown in other circumstances, we will turn this crisis into an opportunity to address not only the urgent short-term issues, but also the long-term structural issues that have plagued our economy.

“I urge all of us to see the decision to go to the International Monetary Fund in this light,” he stressed.

Watch Akufo-Addo’s full address on the economy below:

On other issues, he briefed citizens on the progress made in negotiations with the IMF as well as efforts to stabilize the economy amid rapid currency depreciation and runaway inflation.

Among the steps the cabinet took after a three-day retreat to prepare for the speech were the following:

1) Enhanced surveillance action by the Bank of Ghana in the Bureau de Change and black market markets to root out illegal operators, as well as to ensure that those who are authorized to operate are legally abiding by market rules. Some money changers have already had their licenses revoked, and this exercise will continue until full order is restored in the sector;

2) New inflows of dollars provide liquidity to the foreign exchange market and meet ongoing demand;

3) The Bank of Ghana has fully engaged with commercial banks to provide liquidity to ensure that the wheels of the economy continue to function in a stabilized manner, until the IMF program comes into effect and that the financing assurances expected from the other partners also arrive;

4) The government is working with the Bank of Ghana and oil producing and mining companies to introduce a new legal and regulatory framework to ensure that all foreign currency earned from operations in Ghana is first paid to banks domiciled in Ghana to help stimulate the domestic foreign exchange market; and

5) The Bank of Ghana will strengthen its gold buying program.

Jerry B. Hatch