The Evangelical Presbyterian Church, Ghana (EPCG) has paid over GHS11 million towards its accumulated debt. This significant payment has reduced the church's outstanding balance to GHS3.17 million. The church announced this progress at its 12th General Assembly in Ho, Volta Region.
The church's total debt had climbed to approximately GHS14.25 million by 2026. This figure was a sharp increase from GHS7.1 million recorded in 2021. The liabilities stemmed from unserviced loans, construction expenses, and membership dues owed to partner organisations. These financial burdens created significant operational challenges for the church.
This debt reduction fits into a broader narrative of financial restructuring within Ghanaian institutions. Many organisations face pressure to manage liabilities amid economic fluctuations. The EPCG's proactive steps reflect a growing emphasis on fiscal prudence. This approach aims to ensure long-term stability and operational efficiency for religious bodies. Such financial discipline is crucial for maintaining public trust and supporting community development initiatives.
Rt Rev Dr Lt Col Bliss Kofi Agbeko, the Moderator, confirmed the substantial payments. He stated, "My team and I had no space to breathe." He added, "The current administration paid a total of GHS4,009,559.39 of the debt inherited." Additionally, GHS7,067,945.44 was settled for other debts, membership dues, and subscriptions from 2020 to 2026. This brings the total debt-related payments by this administration to GHS11,077,504.83.
The church's improved financial standing has several key implications. It frees up resources that were previously allocated to debt servicing. These funds can now be directed towards investments in church properties and the welfare of its agents. The Moderator highlighted that the money used for debt could have acquired landing properties. It could also have strengthened agents' welfare and salaries. This shift allows for strategic planning and growth. The church aims to operate more profitably in its activities and assets. This prevents future debt accumulation and ensures sustainable operations. The establishment of a water-producing factory, which saw a 22.88% revenue growth from 2024 to 2025, exemplifies this new focus on profitable ventures. This initiative demonstrates a commitment to generating income and diversifying revenue streams. The 12th General Assembly, which concludes on August 16, 2026, marks a significant turning point for the EPCG's financial health.