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Press Release from the Guyana Olympic Association

President Godfrey Munroe and the Executive Committee of the Guyana Olympic Association (GOA) have officially unveiled the logo for the upcoming Caribbean Association of National Olympic Committees (CANOC) General Assembly and Workshop to be hosted in Guyana from October 17-20, 2025, at the Pegasus Suites Guyana.

The vibrant design, now shared with the world, embodies both the spirit of the Olympic Movement and the unique identity of Guyana as host nation. It represents a striking convergence of sport, culture, and national pride.

The logo brings together powerful elements symbolic of Guyana’s rich heritage and development:

The Majestic Jaguar– prominently displayed as Guyana’s national animal, symbolises strength, resilience, and guardianship of the land.

Kaieteur Falls– one of the world’s most iconic natural wonders, represents the power and beauty of Guyana’s natural landscape.

The Olympic Torch– illuminating the values of excellence, friendship, respect, and signifies the unifying flame of sport across the Caribbean.

The Golden Touch– represents Guyana’s rich natural resources, particularly gold, as well as the pursuit of excellence and achievement.

Modern Infrastructure and Growth– showcased through images of Guyana’s oil and gas industry, bridges, and canopy walkways, reflect the nation’s progress and future potential.

Wildlife and Natural Heritage– highlighted through vibrant tropical flora and fauna, underscore Guyana’s stewardship of biodiversity.

Together, these elements reflect the host nation’s role as both a guardian of natural beauty and a hub of rapid modern development, offering the perfect setting for CANOC’s 2025 gathering.

The GOA President and the Executive Committee emphasised that the unveiling of the official logo marks a significant milestone in the countdown to the Assembly and Workshop, which will bring together leaders and delegates from across the Caribbean sporting community.

According to President Munroe: “This logo proudly presents Guyana to the Caribbean and the world. It captures who we are- a country of resilience, beauty, and progress- and reflects the unifying spirit of sport that CANOC embodies.”

The CANOC General Assembly and Workshop 2025 will be a historic event for Guyana, further strengthening regional ties, fostering collaboration, and celebrating Caribbean sporting excellence.

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The lush greens of the Lusignan Golf Club (LGC) will come alive this Sunday, October 5, when golfers from across the country gather for the highly anticipated Trophy Stall Golf tournament.

Known for its vibrant competition and camaraderie, this event promises not only thrilling play but also an opportunity for Guyana’s best golfers to fine-tune their skills ahead of the Suriname Open.

President of the Lusignan Golf Club, Anasha Ally, expressed her delight at the club’s continued partnership with the tournament’s sponsor.

“I’m very pleased for our club to once again be associated with Trophy Stall. They are a long-standing supporter of the club and Mr. Ramesh Sunich is considered to be a friend of the Lusignan Golf Club. We look forward to his continued support. This tournament will give our golfers who are heading to Suriname much-needed practice and we look forward to a great tournament,” she said.

The tournament will tee off sharply at 08:00h, played in medal play format over 18 holes.

Golfers will be competing for an exciting line-up of prizes, including Best Net (top three), Overall Best Gross, Nearest to the Flag (Hole #4) and Longest Drive (Hole #5).

Registration is currently open and will close at 13:00h on Saturday, October 4. Interested players are encouraged to contact the Lusignan Golf Club at 220-5660 or 620-0093 to secure their place in what promises to be a thrilling showdown.

At the sounding of the horn, the battle for bragging rights and prestigious prizes will officially begin as the excitement doesn’t end on the fairways.

The prize presentation ceremony will cap off the day’s action at approximately noon, as golfers, sponsors, and fans celebrate another successful tournament on Guyana’s premier golf course.

The Lusignan Golf Club extends its gratitude to Trophy Stall and Mr. Ramesh Sunich for their unwavering support of golf in Guyana and invites all golfing enthusiasts to come out and witness this spectacular event.

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Maressa Gilbert Mohabir, a 45-year-old woman was reportedly robbed of her motorcycle, phone, and cash along with her bank cards, driver’s licence and ID card.

Police Headquarters reported that Mohabir was robbed by two suspects with a cutlass on Thursday night.

Mohabir of Section ‘D’ Sophia, Georgetown, was proceeding east on West Palm Street, Lamaha Springs on her motorcycle when the two perpetrators rode past her on a motorcycle.

They suddenly stopped a short distance and turned off the lights on their motorcycle. They then turned  back facing in her direction, the pillion rider then dismounted the motorcycle and approached the victim, pulled a cutlass from his pants waist and placed it on her neck. He relieved her of the bag containing the items, pushed her off her motorcycle and rode off with it. His accomplice followed.

Mohabir was relieved of her black and red Haojue motorcycle with registration #CN5875 valued at $225,000; one hand bag containing a Samsung cellphone valued at $30,000 and $25,000 cash.

Police said she made a report at the North Ruimveldt Police Station.

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Police are investigating the alleged murder of 72-year-old Barbara Crawford, a pensioner who resided at Amelia’s Ward, Linden.

Police Headquarters, in a release, stated that Crawford died at around 20:00 hrs Thursday. She was allegedly murdered by her 55-year-old sister at a Plantation Ross, West Coast Berbice house.

Police said Crawford had been staying at her sister’s house in Berbice since September 12, after attending the funeral of a brother.

Preliminary investigations revealed that at about 19:45 hours Thursday, the 72-year-old woman was heard shouting. Roy Walters, a brother of both the victim and suspect, who lives in the bottom flat of the home, went upstairs to investigate. However, the doors were locked, and he called over another brother, Lester Walters, for assistance. Both men were able to break open the back door and gain access to the house. Upon entering, the 55-year-old suspect reportedly picked up a knife and rushed towards them. They managed to take away the knife and subdue her.

Soon after, they found Barbara Crawford in a chair, motionless, in the hall.

The incident was reported to the Police, who visited the scene.

The 55-year-old suspect was questioned but remained silent. She was arrested and taken to Fort Wellington Police Station, where she was placed into custody. The suspect is reportedly a patient at a mental health clinic in Canje, Berbice.

The body of the deceased was taken to Bailey’s Funeral Home, awaiting a post-mortem examination.

Police ranks later questioned the suspect’s daughter and she reported that she made contact with the 55-year-old woman via phone and she (the suspect) said: “I just strangle Barbara and kill she”.

Investigations are ongoing.

 

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Economist Richard Rambarran has commended the government for its plans to modernise the country’s financial sector, describing the initiative as a significant step toward driving economic growth.

Those plans, which include a significant focus on the stock market, were reiterated by President Dr Irfaan Ali on Thursday at a gathering of local business professionals. He also announced that a junior stock exchange would be established.

So what does this really mean?

According to Rambarran, Guyana’s private sector has long advocated for the modernisation of the stock market. He explained that a large amount of money currently sits idle in commercial banks and financial institutions, earning very low interest rates in savings accounts.

Economist and private sector representative, Richard Rambarran (Photo: News Room/ September 3, 2024)

So, the economist explained that by modernising the stock exchange and introducing new financial instruments, unused capital can be redirected into productive investments.

“Modernising the stock exchange and providing more instruments allows that idle capital to actually earn more by being mobilised and placed in investments in the country,” Rambarran told the News Room.

The economist also highlighted that introducing more types of investment products and giving investors the ability to trade stocks more easily, including the option to trade without going through a broker, would benefit the entire financial system.

“So, if you think about it, increased equity investment, different types of products being offered on the stock exchange, the ability to use stocks etc., to trade amongst oneself without going through a broker, there are a number of things that that bears benefit from, so that is one very important component in terms of the modernisation,” Rambarran explained.

Another key part of the government’s plan is the creation of a junior stock market, which Rambarran described as “extremely important.”

“The junior stock market really permits smaller enterprises to integrate into the financial architecture, raise capital, modernise their operations, and structure themselves for increased investment,” Rambarran explained.

He posited that while the announcement may seem narrow in focus, its impact could be transformative.

“It is really something that has a catalytic effect,” he said.

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Two days after President Dr Irfaan Ali announced new policies for foreign exchange control in Guyana, the country’s Vice President Dr Bharrat Jagdeo has emphasised that these measures are meant to close loopholes that exist and prevent money from being siphoned off elsewhere.

Additionally, Jagdeo told reporters that the new policies are not expected to burden locals and small business owners.

“We’re not going to restrict Guyanese from purchasing foreign currency. We will make sure that we provide adequate amounts from the central bank to meet domestic demand but will close loopholes to prevent people from abusing the system,” Jagdeo said at his Thursday press conference.

He added, “There will be significant exemptions for small businesses… it would be mainly for the larger users of foreign currency.”

The new measures— nine in total— were announced during the President’s meeting with several stakeholders of the financial sector, including the Governor of the Bank of Guyana (BoG) Dr Gobin Ganga, the Commissioner-General of the Guyana Revenue Authority (GRA), Godfrey Statia, and representatives of the various commercial banks operating in Guyana.

Extra verifications part of President’s foreign exchange control plan

So what are the nine measures?

1.) Any request for foreign exchange by any customer to commercial banks for the importation of goods to Guyana would require every customer to provide the commercial bank with a copy of the commercial invoice on the basis of which the commercial bank may release the foreign exchange to the said customer. The President said such a system already exists, but there are instances of over- and under-invoicing that must be dealt with.

2.) Any customer that submits a request for foreign exchange, upon the arrival of the goods in Guyana, will have to submit a copy of the invoice and Bill of Lading to GRA. The documents must also be submitted to the commercial bank for verification. This allows the stakeholders to verify that the goods were purchased and that those goods were brought to Guyana and not taken to any other destination

3.) If a customer fails to submit the certified copy of the invoice, the Bill of Lading, and a GRA compliance to the commercial bank, then the commercial bank shall not release the request for further foreign exchange

4.) The commercial banks will submit copies of the Bill of Lading and the commercial invoice to the Bank of Guyana for further verification. The President said this new window will be set up at the central bank, and it will be one allowing robust monitoring and clearing, so that these new policies do not cause any delays in business transactions

5.) Each commercial bank will have to ensure that personal credit cards are used strictly for personal transactions and not for the settling of business obligations, in light of a spike in credit card transactions

6.) In cases where there are related party transactions and inflated invoicing for capital flights, the entities found responsible will be penalised. Capital flight, in economics, refers to the rapid outflow of a large amount of money or assets from a country or region due to several reasons. President Ali, however, said this is “unfair to the system.”

7.) In cases where foreign exchange in the form of currency is being taken out of Guyana, the source of the currency will have to be declared. President Ali said this must be done whether the currency is purchased from the banks or “on the road”

8.) Entities registered in Guyana under the local content laws that are providing services for the oil and gas sector must maintain a local bank account in which the foreign currency earnings shall be remitted into the said bank account. President Ali said local content legislation will be amended to reflect this

9.) A single window post-clearing system will be established at the Central Bank, through which reconciliation and prior transactions between GRA, commercial banks, and the Central Bank will be completed before new requests are facilitated

President Ali said these measures would be implemented with immediate effect.

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The People’s Progressive Party Civic (PPP/C) plans to expand its membership significantly ahead of the next national elections, focusing heavily on women and youth.

This is according to Guyana’s Vice President, who is also the party’s General Secretary, Dr. Bharrat Jagdeo.

At a press conference on Thursday, the Vice President said the next elections will be held in 2031. Ahead of those elections, he said the party will be focused on strengthening itself.

“We will build out the women’s movement to a strong, vibrant women’s organisation… and expand the work with the young people through the Progressive Youth Organisation (moving from) 15,000 members to 30,000,” he said.

The PPP/C was re-elected last month following the 2025 General and Regional Elections. The party increased its majority, now holding 36 of the 65 seats in the National Assembly. Jagdeo described this as a “landslide victory.”

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Vice President Dr. Bharrat Jagdeo vowed that citizens will benefit from several cash grants over the People’s Progressive Party Civic’s (PPP/C) five-year term in office.

“This is a five-year term we have. There will be several cash grants in the five-year term,” Jagdeo said at a press conference held at the Arthur Chung Conference Centre, Liliendaal, Georgetown.

Jagdeo also said whatever has been promised, will be delivered when he was asked about the distribution of one of those grants by Christmas as hinted at by President Dr Irfaan Ali on the campaign trail.

Last year, the PPP/C government rolled out a one-off $100,000 cash grant for all adult citizens.

Jagdeo, however, emphasised that such cash grants are not the only tool the government is using to ensure citizens benefit directly from the country’s oil wealth. Other ventures include investing in ventures to support people’s well-being and quality of life.

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