EPCG Repays Over GH¢11.7 Million in Debt, Seeks Financial Liberation

Key Takeaways

• The Evangelical Presbyterian Church, Ghana (EPCG) has repaid over GH¢11.7 million in debt inherited by the outgoing administration.
• The debt repayment forms part of a wider financial restructuring agenda aimed at ensuring long-term sustainability and effectiveness of the Church's ministry.
• The EPCG has implemented stricter controls over borrowing by its departments and institutions, requiring prior approval for new loans.

The Evangelical Presbyterian Church, Ghana (EPCG) has made significant progress in reducing its debt burden, with the outgoing administration having repaid over GH¢11.7 million as of June 23, 2026. This achievement represents a substantial payment towards the GH¢7.2 million debt inherited by the administration.

The debt repayment is part of a broader financial restructuring agenda aimed at ensuring long-term sustainability and effectiveness of the Church's ministry. The outgoing Moderator, Right Rev. Dr. Lt. Col. Bliss Divine Kofi Agbeko (Rtd.), has emphasized the importance of building a financial system that can sustain the Church's mission without excessive dependence on offerings and voluntary contributions.

Background & Context

The EPCG has a long history of investments in various sectors, including agriculture, hospitality, education, publishing, and health-related ventures. However, some of these investments have not produced the desired returns, leading to a debt burden that was inherited by the outgoing administration.

Rev. Dr. Agbeko has argued that the Church must become more deliberate about creating investments that generate measurable returns, rather than relying solely on offerings and voluntary contributions. He has called for the implementation of stricter controls over borrowing by the Church's departments and institutions, requiring prior approval for new loans.

Key Findings

The EPCG's debt repayment programme has not brought all the Church's liabilities to an end, with an outstanding debt owed to the National Investment Bank (NIB) still being serviced. However, the repayment arrangement has been renegotiated, and the Church has cleared debts owed to several institutions, including a construction company.

Rev. Dr. Agbeko has highlighted the importance of the Church's Primal Water project, which currently generates at least GH¢10,000 in revenue for the Church. He has warned against allowing external investors to acquire interests that could weaken the Church's control over the project.

Broader Implications

The EPCG's financial reforms are aimed at protecting the Church's ability to fund its religious and social mission. The outgoing Moderator has emphasized the importance of integrity, accountability, and responsible leadership in financial management.

The incoming administration will inherit a record of debt repayments and a set of financial controls and investment priorities to maintain. The challenge now falls on the incoming leadership to preserve the gains made in debt reduction while building a more sustainable financial base for the EPCG.

Looking Ahead

The EPCG has positioned itself around a broader strategic plan focused on strengthening its ministry and institutional operations. The Church's mission is to propagate the Gospel holistically while empowering members spiritually, materially, and socio-culturally.

Rev. Dr. Agbeko's insistence on prior approval for new loans is likely to become an important test of how the Church manages financial autonomy across its departments and institutions. The objective should be to ensure that future financial commitments are properly assessed, approved, and serviced before they become burdens on the Church.