Founder and Head Pastor of the Perez Chapel International, Archbishop Charles Agyin-Asare have asked Ghanaians to brace themselves for more hardship in the country.
He explains that the economic bailout that the government is seeking from the International Monetary Fund (IMF) will come with further difficulties for citizens.
“If there is a time that you need faith in your life, it is this time. This time Ghana has gone to the IMF, it is this time. This time that our Cedi is dancing, it is this time. At this time when our currency doesn’t mean anything if you need faith, this is the time.
“Irrespective of your political persuasion, if you needed faith, this is the time. Irrespective of what you think you need faith, this is the time. Because if you are going to survive and go above, you need faith
“And listen to me, it is going to take some time before things settle, it is going to take some time, and so you need faith”, he said.
The Archbishop made said while delivering a sermon to his congregants last Sunday, October 10, 2022
Challenges in Ghana’s economy have worsened since the beginning of this year. The Cedi is currently trading at GH₵11.2 to the United State Dollar.
Rating agencies Fitch, Moody’s, and Standard & Poor have all downgraded the country’s economy to junk status.
Government in an effort to salvage the situation has gone to the IMF for a $3 billion dollars bailout to help restore its broken economy.