Jamaica is experiencing a robust economic recovery from the COVID-19 pandemic. After economic growth of 8.2% in the last fiscal year and a projection of 4.5% for this fiscal year, economic output is expected to attain pre-COVID levels by 2023. Unemployment is lower today than it was prior to the pandemic and our debt to GDP ratio is also lower...

The Government, through the Bank of Jamaica (BOJ), will be embarking on a public education campaign to sensitise Jamaicans about the new series of printed banknotes, which is now in the country. Speaking during Thursday’s (December 15) launch of the notes at the BOJ’s headquarters in downtown Kingston, Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke,...

Jamaica’s new banknotes have arrived and are slated for phased release into circulation in 2023. Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, unveiled the printed polymer notes during a press conference at the Bank of Jamaica (BOJ) on Thursday (December 15). “These notes are quite different from the notes that exist today. They feel different,...

The Bank of Jamaica (BOJ) has started to publish, in newspapers, the interest rates paid by all commercial banks on all types of deposit accounts, including savings, time deposits and term deposits. This is to ensure that the increase in its policy interest rates to reduce inflation will benefit persons with higher interest on their deposits in savings accounts at...

The Bank of Jamaica (BOJ) has started to publish, in newspapers, the interest rates paid by all commercial banks on all types of deposit accounts, including savings, time deposits and term deposits. This is to ensure that the increase in its policy interest rates to reduce inflation will benefit persons with higher interest on their deposits in savings accounts at...

The Ministry of Finance and the Public Service, in conjunction with the Transformation Implementation Unit, on Wednesday (December 14) hosted a financial literacy seminar for government workers. The forum, which was held at The Ambassadors in Kingston, was aimed at enhancing public-sector employees’ knowledge of money management, wealth creation, and retirement planning, which were among the topics covered. Portfolio Minister,...

Government employees are being encouraged to participate in the upcoming financial literacy seminar, being hosted by the Transformation Implementation Unit (TIU) in collaboration with the Ministry of Finance and the Public Service. The seminar, slated for The Ambassadors at 63 Hagley Park Road in Kingston on December 14, aims to provide participants with sound banking and investment guidance. Information will...