EPCG clears over GH¢11.7m in debt as outgoing moderator calls for tighter controls on borrowing
The Evangelical Presbyterian Church, Ghana (EPCG), says it has paid more than GH¢11.7 million towards debts inherited by the outgoing administration, exceeding the GH¢7.2 million debt burden it assumed. Outgoing Moderator of the General Assembly, Right Rev. Dr. Lt. Col. Bliss Divine Kofi Agbeko (Rtd.), disclosed this in his final address at the official opening […]
The Evangelical Presbyterian Church, Ghana (EPCG) has settled over GH¢11.7 million in debt inherited by its outgoing administration, exceeding the original GH¢7.2 million debt burden. Outgoing Moderator, Right Rev. Dr. Lt. Col. Bliss Divine Kofi Agbeko (Rtd.), disclosed this during the official opening of the Church’s 12th General Assembly in Ho.
The debt repayment program, which ended as of June 23, 2026, covered payments including a debt to a construction company cleared since last December. Despite the significant debt reduction, the Church continues to service an outstanding debt to the National Investment Bank (NIB), with renegotiated repayment arrangements. Rev. Dr. Agbeko emphasized tighter controls on borrowing within the Church, requiring all departments, institutions, and headquarters to seek permission and approval before taking on new loans.
He also called for greater scrutiny of debt servicing delays and encouraged the Church to pursue "financial liberation" through investments capable of generating sustainable income, complementing traditional tithes, offerings, and voluntary contributions.
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