Latest update June 2nd, 2026 12:36 AM
Latest News
- ‘Pay $3.4M more daily or face blackouts’ – Powership company demands
- France eyes deepwater port in Guyana to expand European trade
- Eyebrows raised over $24M water ambulance price tag
- Iran warns Israeli attacks in Lebanon and Gaza threaten U.S. ceasefire talks
- France requests UN Security Council emergency meeting on Lebanon after Israel captures Beaufort Castle
Public Servants to receive $100k cash grant today
Kaieteur News – Public servants will begin to receive their $100,000 cash grants by close of business today. On Thursday, President Irfaan Ali announced that central government employees will receive their cash grants before the end of the week.
The cash grant will be deposited into their bank accounts, the president said while speaking at the 136th General Meeting of the Georgetown Chamber of Commerce and Industry (GCCI) at the Guyana Marriott Hotel in Kingston, Georgetown.
President Ali said the disbursement forms part of the government’s continued efforts to support citizens and maintain a strong consumer base within the economy.
He told members of the business community that the administration remains committed to easing financial pressures on households while strengthening economic activity.
“We are equally committed to providing relief to consumers, because a strong consumer base is the foundation of a strong economy,” the president stated.
According to the head of state, the cash grant initiative reflects the government’s broader approach to ensuring economic growth translates into tangible benefits for citizens.
He noted that providing direct financial support to households is important, particularly as countries around the world continue to navigate economic challenges stemming from global disruptions.
Despite these external pressures, he emphasised that Guyana’s economic outlook remains positive and that the government will continue implementing measures that protect consumers while supporting national development.
Meanwhile, the Ministry of Finance in a subsequent statement said that almost 50,000 central government employees will receive the cash grant over the next 24 hours.
The ministry said that 48,858 central government employees comprising public servants, teachers and members of the disciplined services will receive the 2026 National Cash Grant.
“This amounts to almost $5 billion of additional disposable income being placed in the hands of these public servants,” the ministry said. Last week Senior Minister in the Office of the President with Responsibility for Finance Dr. Ashni Singh announced the commencement of government’s promised initiative for every Guyanese citizen aged 18 years and older.
On Thursday, Dr. Singh during brief remarks following confirmation that deposits of the grant had begun, encouraged citizens to ensure that they open their bank accounts as this is the easiest and fastest way they can receive the cash grant without leaving their homes.
He added that the new online platform that will be launched will allow for the registration process and persons can simply access it, fill out the information required and once a simple verification process is completed, they should receive their cash grant.
To be eligible for the cash grant to be paid into bank accounts persons must be a Guyanese citizen aged 18 years and older as at February 28, 2026, have a valid national identification card or Guyana passport, have a bank account in their name at any local commercial bank and must be physically present in Guyana to register.
The government has said that the cash grant will be paid out through the banking system noting that the transferal will be done swiftly, securely and efficiently.
“A central pillar of this initiative is to promote financial inclusion. This is why we are urging all Guyanese to utilise the formal banking system,” Minister Singh reiterated.
Government said it will be launching the digital online platform next week, through which the remainder of all eligible Guyanese citizens in Guyana can register to receive their grant.
“It can be recalled that in anticipation of the roll out of this cash grant, the Ministry of Finance together with the Central Bank collaborated with financial institutions to simplify the process of opening bank accounts as well as to facilitate the opening of these accounts online,” the ministry said.
Demerara Bank Limited, Guyana Bank for Trade and Industry Limited, Republic Bank and Scotiabank Guyana Incorporated have been facilitating the online opening of bank accounts.
Share this:
Discover more from Kaieteur News
Subscribe to get the latest posts sent to your email.
Similar Articles
THE BLUNT OF THE DAY
Sports
Features/Columnists
Sir. Ronald Sanders
The GHK Lall Column
Weekend Cartoon
