Launch of 50th anniversary stamp: Hon. Ferguson’s speech

14th October, 2015

KINGSTON - Honourable Minister of Finance, Mr. Winston Jordan, MP, Governor of the Bank of Guyana Mr. Gobind Ganga, Post Master General (ag), Mr. Abdul Hassan, Directors, Managers and Staff of the Bank of Guyana, Ladies & Gentlemen of the Media, Invited Guests, a pleasant good morning.

We are here to commemorate the 50th Anniversary of the Bank of Guyana. This achievement is laudable because of the extensive work the bank has to do in regulating fiscal and monetary policy in Guyana. But we are here to celebrate the partnerships that continue to exist between the Bank and other institutions in the public space, especially the Guyana Post Office Corporation. This history started from the housing of the British Caribbean Currency Board’s Office to current inter-party services such as banking, bulk postage and the granting of several licenses such as our Money Order License.

The GPOC is pleased to be associated with the Launch of this Commemorative Stamp on this 50thAnniversary. This is not the first time such a collaboration was done since the GPOC has been associated with another such Launch in the past.

We thank the Bank of Guyana for its great support to the GPOC and we endeavor to work with them to deliver new and improved services in the future. As most persons are aware, the GPOC is expanding its range of services to include e-commerce and integrated financial services, especially for the rural and riverain area. And No doubt, the Bank of Guyana will be a key partner in realizing these aspirations.

The key in this economy is service and as service providers we must forge effective and lasting partnerships build on trust, integrity, and reciprocity. The service sector is one of the fastest growing sectors in most economies and we must all ensure that we provide services of quality.

No longer are we isolated operators, but must connect our people, goods and services to cost effective delivery. And the Guyana Post Office stands ready, willing and able to lead this charge.

No doubt the Bank of Guyana will create the enabling framework for the delivery of such services, ensuring the right oversight as we lay the pillars of economic resilience in Guyana. And this is a task to which we must be committed, both as providers and consumers of services. There must be of necessity a level playing field and the Guyana Post Office is willing to leverage its vast network of branches to support the Bank of Guyana in providing the leadership to ensure financial stability in Guyana.

So this Launch is not just the Launch of a stamp, but the continuity of a partnership that was forged many years ago.

We salute our sister organization on this signal achievement and wish the Bank of Guyana all the best in the future.

I thank you.