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News| | Publish on Sat, 03/01/2025 - 06:10

Financial services sector in dire need of modernization -city chamber

The financial services sector in Guyana is in dire need of modernisation and financial institutions must streamline updated systems that cater to the evolving needs of Guyana’s growing economy. The article Financial services sector in dire need of modernization -city chamber appeared first on Stabroek News.

Financial services sector in dire need of modernization -city chamber

The GCCI emphasized the importance of modernizing the financial services sector in order to keep up with the fast-paced growth of Guyana's economy. They highlighted the need for financial institutions to streamline their systems and processes to ensure efficiency and accessibility for businesses. The Chamber's support for Vice President Jagdeo's call for modernization of the financial sector underscores the urgency of the situation. The challenges faced by the business community, such as delays and difficulties in access to finance, directly impact their ability to thrive and contribute to the economy. In order to support the continued growth and development of Guyana, it is imperative that the financial services sector undergoes a comprehensive overhaul to meet the needs of businesses and facilitate economic progress. The GCCI's advocacy for change in this sector is crucial for the future success of Guyana's economy.

Author Name: Stabroek News

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