GGMC’s $3B loan to Housing Sector is illegal; APNU to take action


By Fareeza Haniff

Leader of the APNU, David Granger. [iNews' Photo]
Leader of the APNU, David Granger. [iNews’ Photo]
[] – Leader of A Partnership for National Unity (APNU), David Granger has expressed his outrage at the decision of the Guyana Geology and Mines Commission (GGMC) to lend $3B to the Central Housing and Planning Authority (CH&PA), especially at a time when GGMC employees protested for months for an increase in their wages and salaries.

Granger told a news conference on Friday, January 30 that the loan is illegal and that APNU’s lawyers are reviewing the issue to see to what extent the law has been broken.

The Party plans to take action in the Court or when Parliament reconvenes.

“We feel that it is completely out of order, it is outside of the law. My understanding is that the rules governing the expenditure of the GGMC funds are clearly defined.

“So it is outrageous that State funds which do not go into the consolidated funds could be used improperly for this speculative matter in the housing sector,” the APNU Leader said.

He is of the view that the allocation of that amount of money for the housing sector is misuse of State funds.

“It is not private money, it is state money…So this is part of the lawlessness that I hope that you all will be able to correct on the 11th of May when you have the opportunity to do so.”

He reiterated that the APNU has been campaigning to have all State funds paid into the consolidated fund and “this is the type of mischief we’ve been trying to prevent because it is lawless and our lawyers will investigate to what extent there’s been a breach of the law and if any Minister or any official is found to be in breach, we will take action either in the Courts or when the National Assembly reconvenes.”

Since late last year, GGMC employees have been protesting for an increase in salaries and it was only recently that an agreement was met between the entity and the Union to have employees return to work.

“It is a travesty that workers should have to be protesting not only for a few weeks, and they had not been given relief while the State funds are being used for other purposes not authorized by the law,” Granger opined.

The loan agreement between GGMC and CH&PA was announced on Thursday, January 29 in a joint statement, which noted that CH&PA has one year to repay the loan.



  1. No David, do you know what is outrageous. Not GGMC loan to CH&PA. Your knowledge of Corbin outrageously a illegally uplifting cache of weapons from the army. Still having them, according to the records, in his possession. Of which you are fully aware. I think you were way up in the army command. Correct me if I am wrong. Now, that is what I call outrageous. The one ministry lend the other ministry to help poor people get house and land. Now don’t try to block progress with a distraction; your usual attics. Get on with it and be responsible.


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