President Dr Irfaan Ali on Tuesday outlined plans to significantly expand wealth-creation opportunities for Guyanese by opening up broader access to capital markets, including the establishment of a junior stock exchange aimed at small investors and emerging companies. Speaking during an announcement yesterday, the President said his government intends to structure new investment vehicles that […]
FINANCE
Private sector pleased to see diversification signal in President Ali’s five-year agenda
Head of the Private Sector Commission (PSC), Gerald Gouveia Jr, says President Dr Irfaan Ali’s outline of his government’s economic and social agenda for the next five years sent a clear signal that economic diversification, not oil and gas dominance, is at the centre of the administration’s plans. Speaking on Wednesday, Gouveia said the President’s […]
Over 600,000 Guyanese now in formal banking system, to be used for cash transfers
As Guyana moves deeper into a modern, digitally focused economy, President Dr Mohamed Irfaan Ali has reported significant growth in the number of citizens now participating in the formal banking system. Addressing the nation on Wednesday at the Arthur Chung Conference Centre, the Head of State disclosed that more than 600,000 Guyanese are currently integrated […]
SMEs can access up to $3M interest-free, collateral-free loans through Guyana Development Bank – Pres. Ali
Small business owners will soon be able to access up to $3 million in zero-interest, zero-collateral financing under the Small and Medium Enterprises (SMEs) Bank. President Dr. Irfaan Ali made the announcement on Wednesday as he outlined the government’s economic and social policy agenda at the Arthur Chung Conference Centre (ACCC). The Head of State […]
Construction boom drives strong services growth across Guyana’s economy
Guyana’s construction industry emerged as one of the strongest drivers of economic activity in the first half of 2025, expanding by nearly 30 per cent as large-scale infrastructure works and private development gathered pace. According to the Bank of Guyana, the construction sector grew by 29.9 per cent at end-June, reflecting accelerated public investment in […]
Foreign borrowing drives non-bank financial institutions’ growth in first half of 2025
Foreign-funded loans were the single biggest driver behind the expansion of Guyana’s non-bank financial sector in the first half of 2025, according to the Bank of Guyana’s mid-year report. The financial resources of Non-Bank Financial Institutions (NBFIs) climbed by 7.9 per cent, or $38.3 billion, to $521.5 billion at the end of June 2025, reversing […]
Seize ‘era of opportunity’ as skills shortages drive premium earnings -Min. Singh’s message to young people
Finance Minister Dr. Ashni Singh has said that today’s young Guyanese are the most fortunate generation the country has ever produced, as rapid economic growth creates unprecedented opportunities across every sector, but only for those prepared to invest in skills, adapt, and excel. Speaking on the issue, the minister stressed that personal liberty remains a […]
One Guyana targeting broad-based prosperity through homeownership, credit access and financial empowerment -Dr. Singh
Senior Minister in the Office of the President with responsibility for Finance, Dr. Ashni Singh, says the government’s approach to economic growth is centred on ensuring that every Guyanese is able to participate in, contribute to and benefit from the country’s development. Speaking on the Starting Point podcast hosted by Fareeza Haniff and Kiana Wilburg, […]
Gov’t policies aimed at containing cost of living, cash grants not stand-alone solution– Minister Singh
Senior Minister in the Office of the President with responsibility for Finance, Dr. Ashni Singh, says the government has implemented a wide-ranging policy response to shield Guyanese from rising global inflation, while maintaining that cash grants will continue as part of a broader strategy to improve living standards. Speaking on the Starting Point podcast hosted […]
Private sector deposits, credit record solid growth -BoG
Guyana’s banking system recorded strong growth in both deposits and lending during the first half of 2025, driven largely by increased private sector activity, according to the Bank of Guyana. The central bank reported that private sector deposits, which accounted for 78.3 per cent of total deposits, grew by 15.3 per cent or G$109.2 billion […]