Bank of Guyana lauded for 50 years of perseverance

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BoG[www.inewsguyana.com] – Finance Minister Dr. Ashni Singh has lauded the Bank of Guyana (BoG) for persevering over 50 years, noting that this achievement is not the only celebration of the bank as its existence gave rise to the recognition of the need to create a central bank for the country which was soon to be independent.

He said the bank has played a pivotal role in the country’s growth and contributed to the strong financial system which today exists.

Speaking at the launch of the bank’s new logo as a part of its golden jubilee anniversary celebration on Wednesday, January 28, to mark its success over the past five decades, the Finance Minister said that post-independence the bank has continued in serving the needs of the nation and can today justifiably be proud in the role it has played.

The Minister recalled his privilege of being able to work with the bank for almost 25 years and witnessing its evolvement and growth.

Since 1998 the central banking legislation has been governing the bank’s operations. This, he pointed out, has been continuously amended and strengthened to create a better legislative framework under which the bank operates.

According to the institution’s Governor, Dr. Gobind Ganga, it is expected to host several other activities throughout the year as a part of its celebrations.

Bank of Guyana’s Governor, Dr Gobind Ganga speaking to the gathering at the launch of the bank’s 50th anniversary celebrations
Bank of Guyana’s Governor, Dr Gobind Ganga speaking to the gathering at the launch of the bank’s 50th anniversary celebrations

These include the publication of a book on the history of the bank, the minting of a commemorative coin, conferences with respect to addressing the financial and economic challenges faced by developing countries including Guyana, local forums, a national essay competition, display of the construction of the building, evolution of the currency, award ceremony to honour long-serving employees, and a family day for staff among many others.

Meanwhile Dr Ganga said that though this is a time to reflect on the institution’s success, it is also an occasion to recommit to the delivery of quality service and to continue to boost the country’s economic development.

Celebrations will be held under the theme ‘Promoting Financial Development for Guyana’s prosperity’. [Extracted and modified from GINA]

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