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Fresh off of an official visit to India, where he encouraged the country’s government and private sector to invest in Guyana’s booming oil industry, President Irfaan Ali today said that offer and the offer to be part of the auction of Guyana’s oil blocks are extended to all countries and companies. Guyana recently announced the […]
GTT Business Solutions has signed on as the official platinum sponsor of the International Energy Conference and Expo which opens on the 14th February. GTT’s sister company mmg+ was listed as the official local payment partner of the forum. Deputy CEO of GTT Richard Stanton said that the company will be looking forward to a […]
The move by eight Opposition Parliamentarians to the Court for a reversal of their suspension has been shut down after Justice Damone Younge ruled that the Court does not have jurisdiction to hear the case. The MPs wanted the Court to nullify the report of the Committee of Privileges that resulted in their suspension in […]
The Guyana government collected a total of $176.1 billion in internal revenue last year, representing an increase of 32.1% from the previous year. The announcement was made by Senior Minister in the Office the President with responsibility for Finance, Dr. Ashni Singh, during the presentation of the 2023 National Budget. The Finance Minister said the […]
Having sat through the more than five-hour budget presentation, Opposition Leader Aubrey Norton said while the budget is big on spending, much of that spending will not directly impact the lives of citizens who are faced with rising inflation and a high cost of living. In an initial response to the 2023 budget, Mr. Norton […]
With an aim of continuing the government’s development agenda, Finance Minister Dr. Ashni Singh presented a $781.9 Billion budget to the nation on Monday. In a five and a half hour speech that was punctuated with sips of honey and water, the Finance Minister said the Government intends to continue on its path with major […]
The Government of Guyana has budgeted $136.1B for the enhancement of a number of road and bridge networks across the country including some $10.3B to accelerate the construction of the East Coast–East Bank Road link from Ogle to Eccles. In presenting the National Budget to the National Assembly today, Finance Minister, Dr Ashni Singh, said […]
Of the 102 lifts of crude oil generated in last year, 13 belonged to the Government of Guyana. The Finance Minister Dr. Ashni Singh made the disclosure today while presenting the 2023 National Budget. He disclosed that US$1 Billion was injected into the Natural Resource Fund from profit oil, US$510.2M of which came from Liza […]
The problem plagued Guyana Sugar Corporation will be given another shot in the arm as part of the government’s recovery efforts for the sugar industry. The Minister of Finance has announced the allocation of another $4 Billion to support Guysuco’s field and factory operations in hopes of turning around the industry. This is despite a […]
Prime Minister Mark Phillips has disclosed that ExxonMobil subsidiary – Esso Exploration and Production Guyana Limited (EEPGL) – is funding the construction of the pipeline for the Gas-to-Shore Project at a cost of US$1 Billion. “EEPGL is funding the…US$1B project cost from cost oil,” Prime Minister Phillips said in his written response to a series […]
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