News

The Guyana government is on the verge of licensing a new merchant bank that will target the rapidly emerging large business sector, officials said. Vice President Bharrat Jagdeo first announced the formation of the financial institution at a meeting with residents of Region Two (Pomeroon-Supenaam). “We just licensed a merchant bank- a Guyanese guy who got it, the licence- and ...

The People’s National Congress Reform (PNCR) on Tuesday recommended that government pumps some of the GY$5 billion into subsidising some consumer items and dole out additional cash to low-income earners and public assistance recipients. “We call for the $5 billion Guyana dollars that have been set aside for cost-of-living adjustments in budget 2022 to be immediately put to use in ...

Vice President Bharrat Jagdeo on Tuesday flagged the fact that the Guyana dollar appeared to be strengthening against the United States (US) dollar in recent months. Addressing a meeting in Region Two (Pomeroon-Supenaam), he said the shift from USD$1.00 = GY$215.00 to US$1.00= US$200.00 could cause economic problems. “Just the exchange rate appreciating moving from $215  to US$1.00 can cause ...

The Private Sector Commission (PSC) has decided to nominate well-known business executive, Ramesh Dookhoo to sit on the Board of the Natural Resources Fund (NRF) to manage Guyana’s oil revenues,  PSC Chairman Paul Cheong confirmed on Tuesday. He said that umbrella business organisation would shortly submit Mr. Dookhoo’s name to the authorities. Mr. Cheong said Mr. Dookhoo, a long-serving PSC ...

All schools across Guyana would be reopened fully from April 25, and each child’s performance would be assessed to ascertain learning loss,  Minister of Education Priya Manickchand said on Monday. Speaking with reporters after the launch of an Artificial Intelligence (AI) learning programme named SPARK, she said schools were being geared up to address two years of learning loss due ...

An employee of the Ministry of Health’s Drug Bond at Diamond, East Bank Demerara was Monday arrested after police said they found a number of guns, ammunition and cash in his car, and he allegedly offered investigators GY$1.7 million to drop the charges, police said Monday. “Well Sir tek de whole bag a money all I want is me freedom,” ...

Several owners of land in Section G Beterverwagting, East Coast Demerara on Thursday afternoon turned out at the Neighbourhood Council office to get answers about whether their lands have been sold behind their back/ Attorney-at-Law, Shaunella Glen-George’s letter dated March 16, 2022 refers  to 143.10 acres of land, the same acreage and location that the Neighbourhood Council had late last ...

A Customs Enforcement Officer , who is implicated in the shooting injury of two horse cart operators in a vacant land next to his home, on Thursday pleaded not guilty and was granted a total of GY$200,000 bail.  The case was postponed to March 20th, 2022 for statements. Police said  Sparendaam Magistrate R. Liverpool  arraigned 49-year old David Ali on ...

A city businessman is among four persons arrested in connection with the alleged discovery of an estimated GY$19.8 million in local and foreign currencies, a large quantity of smuggled liquor and two kilogrammes of marijuana at his Georgetown home, police said. The Guyana Police Force said the cash, marijuana and un-customed liquor were seized from his house on East Street, ...

The Graphogame literacy app touted as one of the best in the world is now available for Guyana’s school children who are four to nine years old, the Guyana Telephone and Telegraph (GTT) and STEMGuyana said Tuesday. The app, which was recently rolled out in Jamaica’s primary education system, is now accessible locally through the collaboration between GTT and STEM ...