The Government of Guy-ana is to partner with all banking institutions to implement appropriate policy measures to promote greater financial inclusion.
This announcement was made by President David Granger at the opening of the new head office of Demerara Bank Limited on Saturday evening.
As he charged commercial banks to “bring banking to the people” the President acknowledged that increasing the reach of these banks is best achieved under a banking system that is stable, secure, honest and flexible.
Noting that Guyana’s financial system has not been spared the implosion of financial institutions the president expressed the intention to discuss with bankers the implementation of a Deposit Insurance Scheme and strengthen the regulatory and supervisory capacity of the Bank of Guyana.
These measures are expected to bring some form of stability to the Guyanese banking system,
