Government draws down US$200 Million from oil fund

Government draws down US$200 Million from oil fund

The Ministry of Finance has announced that the Government has made its first withdrawal of US$200 million from the Natural Resource Fund. According to the Ministry of Finance, the money which is equivalent to G$41.7 Billion has been transferred from the Natural Resource Fund to the Consolidated Fund to finance national development priorities. It was…

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‘Bankrupt GPL’ inherited from Patterson being revived

‘Bankrupt GPL’ inherited from Patterson being revived

— authorities say uncompromising, robust maintenance regime reinstated — with broader aim being production of cheaper, sustainable energy A PROGRESSIVE outlook is being restored to the Guyana Power and Light Incorporated (GPL), which, according to the Office of the Prime Minister, was mismanaged and bankrupted prior to August 2020. In direct response to comments by…

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Only four remain in quest for Magnum Futsal title

Only four remain in quest for Magnum Futsal title

And then there were four! Despite the adverse weather conditions, a large gathering braved the elements and descended on the National Park to witness the progression of defending champion Bent Street, Sparta Boss, Gold is Money, and Back Circle to the semi-final round in the Magnum Independence Cup. The die has been cast! Sparta Boss…

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Opposition MP hammers Government on its parliamentary affairs record at opening of Commonwealth Seminar for MPs

Opposition MP hammers Government on its parliamentary affairs record at opening of Commonwealth Seminar for MPs

Opposition Member of Parliament Vincent Henry today trashed the government’s handling of Parliamentary Affairs and treatment of Opposition Parliamentarians. During his remarks at the Opening of a Commonwealth Parliamentary Association’s Seminar at the Arthur Chung Conference Center this morning, the Opposition MP said the time is ripe for the Guyana Government to answer whether consensus…

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