Tag Archives: Ministry of Finance

Sugar production slumped by 60.4% during the first half of 2024 with production of 6,739 tonnes of the sweetener reported by the state-owned Guyana Sugar Corporation (GUYSUCO), according to the Finance Ministry’s report on the country’s economic performance from January to June. “This performance is attributed to the carried over impacts of drier-than-usual weather conditions last year into the second ...

Guyana’s central bank, the Bank of Guyana, on Wednesday formally took over responsibility for managing the Natural Resources Fund also known as the sovereign wealth fund (SWF), even as Guyana awaits word from the Federal Reserve Bank of New York (or the New York Fed) on due diligence where the monies will be deposited. Governor of the Bank of Guyana, ...

Guyana is to receive a US$20 million World Bank loan for its Petroleum Resources Governance and Management Project to prepare the country to deal with several oil and gas risks. The loan was approved on Friday, March 29. “This Project will enhance the transparency, governance, legal, regulatory and institutional frameworks for the oil and gas sector in Guyana,” the Finance ...

The Barbados and Guyana stock exchanges on Friday inked a memorandum of cooperation, paving the way for listed companies to trade in each other’s countries. “The two key areas of interest identified in our preliminary discussions have been that of institutional strengthening and the cross listing of securities,” Managing Director of the Barbados Stock Exchange (BSE), Marlon Yarde said at ...

Residents of more than 27 villages along Belfield, East Coast Demerara, to Rosignol, West Coast Berbice, can look forward to improved road access and connectivity as the Ministry of Public Infrastructure (MOPI) moves to start a technical and economic feasibility study for the redesign of the road network. The redesign feasibility study for that stretch of the road will be ...

The 27 workers of Guyana’s Local Government Commission (LGC) and its commissioners would be paid their outstanding salaries, Commission Chairman Mortimer Mingo said. “The matter has been resolved,” he told Demerara Waves Online News without going into details immediately. Sources said the outstanding salaries and other emoluments for January and February 2019 would be paid “immediately”. According to the sources, ...