Exploring financial practices and church growth in selected Pentecostal churches in Ghana: A practical theological study

Abstract

The financial management practices of Pentecostal churches play a crucial role in their growth and sustainability. This study examines the effectiveness of financial strategies employed by three major Ghanaian Pentecostal churches—The Church of Pentecost, The Apostolic Church of Ghana, and Assemblies of God, Ghana—in fostering church growth while adhering to biblical principles. These churches primarily depend on tithing, fundraising events, and member donations as key financial strategies. Their practices are guided by theological principles of stewardship, accountability, and God’s ownership, ensuring ethical and transparent financial management. The study aims to explore how financial management contributes to the sustainability of Ghanaian Pentecostal churches. It specifically identifies effective financial strategies, assesses their alignment with biblical teachings, and evaluates their impact on church operations, outreach programmes, and community development. Data were gathered through interviews, structured surveys, document analysis, and participant observation, with 225 respondents, including senior pastors, associate pastors, elders, treasurers, and church members. Interviews provided qualitative insights into financial practices, while surveys captured grassroots perspectives. Document analysis of financial reports, policy manuals, and constitutions further validatedfindings. Key findings highlight that tithing, fundraising, and donations are the most effective financial strategies. Tithing serves as the foundation, providing financial stability for operational and mission related expenses. Fundraising events, often tied to evangelism and church planting, generate resources for specific projects while fostering unity among congregants. Member donations, including freewill offerings, demonstrate personal commitment to the church’s mission. Transparency and accountability emerged as crucial factors in maintaining trust and encouraging participation. Regular financial reporting and audits ensure ethical fund management, aligning with biblical stewardship principles. The study underscores the importance of aligning financial management practices with biblical teachings to promote institutional and spiritual growth. Integrating stewardship, accountability, and transparency fosters ethical financial practices, trust, and active member participation. By prioritising tithing, fundraising, and donations, these churches establish a stable financial foundation for expansion, missions, and community outreach. The findings emphasise that financial strategies rooted in theology not only sustain church operations but also advance the broader mission of spreading the gospel and serving communities.