NIS earns millions after selling properties purchased from Government

The National Insurance Scheme (NIS) has earned EC$7.8 million after selling 4 of the 8 properties it purchased from Government 11 years ago.9 months after advertising 8 properties for sale, the NIS has sold 4 because in a new property for sales notice posted on 19 December, only 4 of the said properties are listed.“The […]

Developing economies to be impacted by EU carbon tax

United Nations Framework Convention on Climate Change (UNFCCC) Global Ambassador and Chief Executive Officer of Caribbean Climate-Smart Accelerator Racquel Moses is of the view that while the economic consequences of the EU Carbon Border Tax Adjustment Mechanism (CBAM – Carbon Tax) could be disadvantageous for developing economies in the region, this can also be an […]

New minimum wage from January 2024

Employers, including the Government of Grenada, as of 1 January 2024, will have to increase the minimum salary or wage paid to employees, whether trainees, part-time or full-time employees.The minimum wage currently focuses on the following workers: Industrial (garment industry)ClericalSecurity guardsDomesticSanitationEarly ChildhoodCaregivers of the ElderlyWorkers in BakeriesAgriculturalConstructionTransportation (drivers and bus conductors)Helpers/Utility Workers

PM Mitchell attends presidential meeting in St Vincent

The meeting will be held in St Vincent under the auspices of Caricom and the Community of Latin American and Caribbean States (CELAC) surrounding the Guyana-Venezuela border controversy. The Prime Minister will be accompanied by Hon. Joseph Andall, Minister for Foreign Affairs, and are both scheduled to return later this evening following the meeting. Honourable […]

Senator Adrian Thomas corrects statement on eligible nationalities

Senator Adrian Thomas, on Thursday evening, 14 December 2023 averred that his submissions in the Senate the previous day on the acceptance of the CBI applicants from all nationalities is incorrect. In making the correction, he confirmed that in truth and in fact applications are no longer accepted from Russia and Belarus as of 31 […]

Grenada’s CBI programme open to all nationalities

Adrian Thomas, Leader of Government Business in the Upper House, said that Grenada’s Citizenship by Investment Programme (CBI) is open to every individual, and the original nationality of an applicant will not determine the outcome of a successful application. “The programme is open for everybody whether you are Chinese, whether you are Russian, whether you […]

Grenada receives 7-year grace period on Saudi loan

2031 will be the start date of repayment on the US$100 million loan Grenada recently obtained from the Saudi Fund for Development. Finance Minister Dennis Cornwall signed the agreement in October 2023 while attending the World Bank–International Monetary Fund meeting in Morocco. Cornwall said that terms and conditions provide for the loan to be repaid […]

New vehicle dealership licencing structure for 2024

The Government will apply a new system to tabulate the fee for business people categorised as vehicle dealers. The licence will be calculated on the number of vehicles imported, and not an annual fee. “Vehicle dealership licence fee will be amended as follows: $10,000 per year or $1,000 per vehicle,” Finance Minister Dennis Cornwall told […]

EC$2 commemorative banknote available from 6 December

n commemoration of the bank’s 40th anniversary, the EC$2 note showcases a portrait of the legendary cricketer Sir Vivian Richards affectionately known as “The Master Blaster.” The EC$2 commemorative note marks the first time that a reflective silver ink, a gold iridescent ink and a holographic blue foil have appeared together on a banknote, representing […]

Grenada 50th anniversary website launches to help mark the milestone

The National Organising Committee is delighted to announce the official launch of the commemorative website for Grenada’s 50th Anniversary of Independence celebrations. The newly unveiled website, is a digital hub designed to provide information on all things related to the celebrations. Features include an interactive calendar with the schedule of events planned to honour the […]

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