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Finance Minister Winston Jordan announced major infrastructural projects to take place across Guyana over the next year with large sums of money allocated to back those plans. Shortly, a US$50 million loan will be signed with the Government of India to construct a new road link between Ogle on the East Coast of Demerara and […]
The government has announced that effective from February 1, 2016, the state owned oil company, Guyoil, will reduce the cost for gasolene to $170 per litre. Currently the price stands at $190 per litre. The price for diesel will be reduced to $150 per litre from the current $161 and the price for a litre […]
Finance Minister Winston Jordan has announced that the government has allocated $300 Million to cover all costs associated with the hosting of the various celebrations for Guyana’s 50th Independence anniversary. Minister Jordan said that the government has been paying close attention to national cohesion and will be pushing that message throughout this 50th year of […]
In his second National Budget in less than six months, Guyana’s Minister of Finance, Winston Jordan, told the National Assembly that Guyana’s economy has started to see a turn around. Mr. Jordan in his budget presentation reflected on the economy over the past year, pointing out that the last budget was presented just after the […]
Minister of Natural Resources, Mr. Raphael Trotman, and a team on Thursday toured oil giant ExxonMobil’s storage yard at the Wieting and Richter Wharf to get a closer look at the company’s drilling pipes and other equipment, as it prepares to start drilling its second well here. Minister Trotman was accompanied by Minister of Business, […]
Leader of the Opposition, Bharrat Jagdeo wants the government or the Board of the Guyana Revenue Authority (GRA) to respond to the allegations of sacked Commissioner General Khurshid Sattaur. Weighing in on the matter on Wednesday, Jagdeo said the revelations by Sattaur, though vague, were damning and believed the government’s silence on the matter was […]
The man accused of gunning down political activist Courtney Crum-Ewing appeared calm on Wednesday as the Preliminary Inquiry into Crum-Ewing’s murder got started. The accused, Regan Rodrigues aka “Grey Boy”, sat quietly throughout the day’s proceedings as the parents of Crum-Ewing took the stand in the murder case. Rodrigues was arrested and charged in August […]
After declaring that he could defend any of the dealings of the government holding company, NICIL, under his watch, Chief Executive Office, Winston Brassington has decided to call it a day. The Ministry of Finance has confirmed that Brassington has opted not to renew his contract with the government. His decision comes in the middle […]
Guyana is still considered a country where there is a high level of corruption. That’s according to the 2015 report coming out of Transparency International. The group ranks various countries on its corruption index. Guyana is ranked at 119 out of 168 on the corruption perception index. In the 2014 report, Guyana was ranked #124. Guyana […]
Ahead of the presentation of the National Budget, Opposition Leader Bharrat Jagdeo on Wednesday laid out his expectations even as Finance Minister Winston Jordan has refused to give any insights into his annual fiscal plan. Jordan told reporters earlier on Wednesday that Guyanese should wait for the unveiling of the budget, especially since they have […]
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