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Tag Archives: Finance Minister Winston Jordan

Bank of Guyana probe uncovering reasons for US notes shortage at cambios

A probe by the Bank of Guyana and other supervisory agencies into the shortage of United States (US) dollars at non-bank cambios has already raised some red flags, but Finance Minister Winston Jordan has declined to divulge details. Jordan said so far the investigations have shown that at least two non-bank cambios “have really caused this problem”. “Our investigation is ...

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“APNU is not against cash grants” from oil revenues but more information needed -Granger; WPA ready to negotiate modified proposal

President David Granger on Wednesday sought to dispel concerns that he is opposed to direct cash transfer of some oil revenues to Guyanese, even as the Working People’s Alliance (WPA) signaled that it was ready to modify its proposal with other political parties in A Partnership for National Unity (APNU) whenever those talks begin. “There has been a lot of ...

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National budget one-twelfth formula to be activated if no general elections before Dec 31

The Guyana government would have to resort to using one-twelfth of this year’s national budget and would be unable to finance new projects if general elections are not called before yearend, Finance Minister Winston Jordan said. He said this year’s budget expires on December 31. “Come January, people will be paid their salaries and so on but you will not ...

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Political climate dampens investors buyout of GuySuCo estates -Finance Minister

Political uncertainty, including threats to review deals, has posed a setback in the sale of several Guyana Sugar Corporation (GuySuCo) estates, Finance Minister Winston Jordan said Wednesday. “The sale of the estates has been delayed partly due to the political side because nobody is expressing interest when the opposition (People’s Progressive Party) says ‘we are going to review sales and ...

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Finance Minister boasts 5 straight years of economic growth

Finance Minister, Winston Jordan on Wednesday projected a 4.5 percent growth in Guyana’s economy for this year, five straight years of continuous growth compared to the Bharrat Jagdeo-led administration. Speaking at the presentation of the 2019 mid-year report, he said this year’s growth rate has been revised again. Originally, the projection was 4.6 percent but that was adjusted downward to ...

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President blocks imprisonment of Finance Minister; GRA claims GYD$527m in taxes from Dipcon

President David Granger on Monday blocked Finance Minister Winston Jordan from going to jail for 21 days for contempt of court for failing to pay Dipcon Engineering Services Limited US$2.2. million plus costs in keeping with a court order that dated back to 2009 under the previous administration. “Now, therefore, by virtue of the powers vested in me under Article ...

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PPP not overreacting to Jordan’s non-violent “war” comments; police, ethnic relations watchdog alerted

People’s Progressive Party Civic (PPPC) presidential candidate, Irfaan Ali on Wednesday said his party was not overreacting to Finance Minister Winston Jordan’s assertion that the governing coalition was now in a period of “war” now that the Caribbean Court of Justice (CCJ) has ruled that last December’s no-confidence motion was valid. The Opposition Leader’s office, through Gail Teixeira, has since ...

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Gov’t in defiance mode: “no registration, no election” – Jordan, Nagamootoo

Finance Minister, Winston Jordan indicated that regardless of the Caribbean Court of Justice’s (CCJ) ruling that the no-confidence motion was validly passed and any orders that might be issued, government will not be going to the polls with the existing voters’ list. “Notwithstanding the ruling today and not withstanding all the consequential orders, we will be here until the elections ...

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Investors walking away from “scrap iron” sugar estates -Finance Minister

Finance Minister, Winston Jordan says investors have been walking away from buying any of the four shuttered sugar estates, an indication that Opposition Leader Bharrat Jagdeo is fooling supporters that the People’s Progressive Party (PPP) will reopen them if his party wins the next general elections. “How you are going to open back those four estates that is scrap iron ...

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