Finance Archives

July 22, 2025

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Financial analyst Joel Bhagwandin has disputed claims of poor management of poverty in Guyana, saying the poverty rate has fallen below 20 per cent in 2025. Bhagwandin cited a 2022 World Bank report which stated that Guyana’s poverty level—measured using the upper-middle income poverty line of US$5.50 per day in 2011 terms—fell from nearly 61 […]

July 13, 2025

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President Dr Irfaan Ali today announced plans to establish a portal that will allow citizens to have instant access to their bank account, as part of a broader digital transformation agenda. Speaking at the People’s Progressive Party/Civic (PPP/C)’s campaign launch at Kitty Market Square, Ali said the initiative would enable citizens to conduct financial transactions […]

June 12, 2025

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Between 2021 and 2025, the government’s expansionary economic policies, coupled with strategic public investments in the infrastructure and social services sectors, led to the creation of approximately 70,000 sustainable jobs in the economy. This is according to Financial Analyst Joel Bhagwandin, Director of SphereX Professional Services Inc., in a recent report analysing the growing economy’s […]

May 19, 2025

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Guyana is poised to potentially mobilise an estimated £46 million in climate finance through a new project aimed at strengthening its Monitoring, Reporting and Verification Systems (MRVS). The project, titled “Strengthening and Enhancing Capacities of Guyana’s MRVS,” was launched by the Government in partnership with the Global Green Growth Institute (GGGI) and with support from […]

May 17, 2025

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The Government of Guyana has been moving ahead steadily with its continued development agenda and on Friday Senior Minister in the Office of the President with Responsibility for Finance and the Public Service Dr. Ashni Singh presented Supplementary Appropriation Bill No 1 of 2025 to the National Assembly to continue Government’s programmes for 2025. The […]

April 7, 2025

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The Government of Guyana has announced an immediate injection of US$100 million into the foreign exchange market to address delays in the availability of foreign currency. According to a release from the Ministry of Finance, the funds will be distributed across all commercial banks to provide swift relief and meet pending requests for foreign currency. […]

April 5, 2025

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With the continued growth and expansion of Guyana’s economy, Business Process Outsourcing (BPO) organisations have recognised the need to restructure the service provision of their entities to attract and maintain local talent. Companies operating within the sector have been scaling back services, with one of the largest organisations, Teleperformance, earlier this week finalising the closure […]

April 2, 2025

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The Government of Guyana said on Wednesday it is engaging with US officials after Washington announced new reciprocal tariffs on imported goods, including a 38 per cent tariff on Guyanese products. In a statement issued through the Ministry of Finance, the government said it is working closely with its US counterparts “to better understand the […]

March 28, 2025

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Senior Minister in the Office of the President with Responsibility for Finance and Public Service, Dr Ashni Singh, will visit Berbice to resolve issues relating to the National Insurance Scheme (NIS) following numerous complaints from residents. Vice President and General Secretary of the People’s Progressive Party (PPP), Dr Bharrat Jagdeo, gave this assurance during his […]

March 5, 2025

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After weeks of negotiations between President Dr. Irfaan Ali, the Ministry of Agriculture, the Guyana Rice Development Board (GRDB), and local rice millers, an official agreement was signed on Tuesday, ensuring that rice farmers will receive no less than $4,000 per bag of paddy for the first crop of 2025. This announcement was made by […]

Tag: Finance

Analyst says Guyana’s poverty rate below 20 per cent

Citizens to have instant access to bank accounts, conduct financial transactions with ease

Financial analyst: Some 70,000 jobs created in past five years

Guyana eyes £46M in climate finance through enhanced forest monitoring project

Gov’t seeks additional $57.5B for key projects

US$100 million injected into foreign exchange market

Finance Ministry: Job fairs, communication campaigns to aid BPO restructuring

Guyana seeks resolution as US imposes 38 per cent tariffs on exports

Minister Singh to assist in resolving NIS issues in Berbice

Agriculture Minister: farmers to receive not less than $4,000 per bag of paddy this crop

ExxonMobil says workforce trained, prepared for unplanned events at Haimara

Police break up 'Last Day of School' party after students caught drinking, smoking at Mackenzie market

530 Region Five small contractors on pre-qualified list to get at least one contracts before year-end, says Jagdeo

ExxonMobil says workforce trained, prepared for unplanned events at Haimara

Police break up ‘Last Day of School’ party after students caught drinking, smoking at Mackenzie market

530 Region Five small contractors on pre-qualified list to get at least one contracts before year-end, says Jagdeo