Connect with us

Bahamas News

Grand Bahama $17 Million Dollar Budget, Minister Moxey calls it people-focused and moving in the right direction

Published

on

By ANDREW COAKLEY

Bahamas Information Services

 

 

FREEPORT, Grand Bahama — Minister for Grand Bahama, the Hon. Ginger Moxey says the 2023-2024 budget for the island of Grand Bahama is a step in the right direction “and it remains people-focused to bring relief to our people who are in need and to develop programs and initiatives that empower our people, in collaboration with local and international organizations, to enhance the quality of life for our people and improve communities.”

During her presentation in the House of Assembly on Monday, June 19, 2023, during the Budget Debate, Minister Moxey pointed out that the budget of over $17 million for the Ministry for Grand Bahama, represents the highest proposed budget for that Ministry, since its establishment in 2021. She noted that it represents a level of commitment by the Government to the people of Grand Bahama.

“The supplemental budget made some variations for an estimated spend of $19 million, attributed to the Beautiful Grand Bahama program,” explained Minister Moxey. “The 2022-2023 proposed budget, presented a year ago, was over $13 million. This increase is primarily attributed to the special employment program that included the Beautiful Grand Bahama participants at 4.7 million and increased utilities and overall supplies that have been consolidated with the Ministry for Grand Bahama as the distributing ministry.

“The capital budget, however, has decreased from $1.8 million to $500,000, so I will be relying on the member from Fort Charlotte, because we have some work to do for Grand Bahama Island and we’re going to need some of that capital expenditure.”

The Grand Bahama Minister explained that some seven hundred thousand of the funds for Collab for the 2023 budget had been reassigned to the special employment project, considering that most of the Collab budget was utilized by the Beautiful Grand Bahama program. She said there has been a slight increase in marketing and promotions, as the Ministry made good on its promise to deliver on its mandate to promote Grand Bahama as a tourism and industrial center.

She thanked her team of employees within the Ministry for Grand Bahama for all of their hard work and dedication in helping to bring about all of the achievements and success and helping to empower more Grand Bahamians. She said the Ministry has been working expeditiously to “fix” Grand Bahama, through collaboration with various agencies and corporations in Grand Bahama one project at a time.

“We’ve established collab partnerships for development and many corporate partners are coming on board to support, like Doctors Hospital, Linx, Delta-Sigma, GBPA and Hutchison,” said Minister Moxey. “We worked feverishly to push the Evidence Amendment Act to bring closure to families of victims of Hurricane Dorian. We are creating touristic experiences and opportunities to empower our people.

“We’ve help to put bread on the tables for hundreds of Grand Bahamians. People who haven’t worked in three to four years. Crime went down. These are the real stories that people don’t often hear about. The proof is there. The results are there. Those lives impacted in a positive way tells the real story.

“When we saw that the event promoters were having challenges, we reached out to them, met with them and addressed the matter head-on and fixed it. Through Beautiful Grand Bahama, we started the revitalization of touristic sites, beaches, and parks, which was a catalyst for the highly impressive events calendar for Grand Bahama.

“When Grand Bahama had very little blood available in the blood bank, we collectively got together, collaborated and made history with the largest amount of blood collected on a single day in the country.”

Outlining some of the success stories as a result of collaboration, Minister Moxey pointed out that  her Ministry has partnered with many companies on a range of social and business development projects. Together, they have been able to renovate government buildings, restore touristic and memorial sites and generally made it a more beautiful Grand Bahama.

They’ve renovated dilapidated government-owned structures to serve as transition homes to those in need; partnered with the Royal Bahamas Police force for the assignment of a safe house and have built three beautiful Memorials in Freetown, High Rock and McLean’s Town to commemorate the lives of those lost during Hurricane Dorian.

Minister Moxey noted that fixing Grand Bahama takes innovation; it takes grit, and it takes stickability. So, as Minister for Grand Bahama, she had to find creative ways to tap into resources to get things done. The Ministry for Grand Bahama began working with the Grand Bahama Port Authority on a number of issues, including road paving, removing derelict buildings, and establishing the ease of doing business. They liaised with the industrial sector and appealed to the conscience of the corporate community to partner on social programs.

“We connected with the international community on partnerships for development and we connected stakeholders to resolve issues for social and economic development,” said Minister Moxey. “We took advantage of every opportunity to promote Grand Bahama Island as an ideal place for investment. And we have had some big wins. Making significant progress, creating the framework to catapult Grand Bahama as the grand island that it is and letting Grand Bahamians know that it is time to return home.

“We are reminding Bahamians throughout The Bahamas and the diaspora, that Grand Bahama awaits you. The opportunities are there for those who are innovative. Grand Bahama is in good hands with this Davis/Cooper administration. We have done much to be proud of, but there is still so much more to do. The future for Grand Bahama is bright. I am more excited now than I was before.

“Everything is lined up. I truly believe that when all is revealed, everyone who wants to own a business or get a job, will be able to do this in the new Grand Bahama, made possible by this new day administration.

“The reality is, Grand Bahama is bouncing back. It is rebounding. We are fixing legacy issues. It is the ideal place for growth and to raise a family. The opportunities on the horizon are vast. It’s very encouraging.”

Continue Reading

Bahamas News

New Manifestos Released as Bahamas Heads to Historic May 12 Vote

Published

on

The Bahamas, April 14, 2026 – With the 2026 Bahamian general election set for May 12, the country’s major political parties have now formally placed their plans before the electorate, offering competing visions for governance, growth and relief.

The governing Progressive Liberal Party (PLP), led by Philip Davis, launched its “Blueprint for Progress 2026” on April 8, 2026, outlining a 46-page plan focused on long-term development and systems reform. The document places heavy emphasis on energy transition, digital government, workforce training and food security, positioning the party as one seeking continuity following its first term. The full plan is publicly available online through official PLP platforms for voters to review.

Just days later, on Sunday, April 12, the opposition Free National Movement (FNM), under Michael Pintard, unveiled its 2026 Manifesto at a major event in Nassau. Spanning 54 pages, the document centers on cost-of-living relief, tax reform, healthcare expansion and housing, offering what the party describes as a more immediate response to economic pressures facing Bahamian families. The FNM has also made its manifesto accessible online.

Beyond the two major parties, the Coalition of Independents (COI) had already entered the policy space earlier, formally unveiling its long-range Vision 2030 framework on Saturday, March 1, 2025, at the Fusion Superplex in Nassau during a packed national launch led by party leader Lincoln Bain. That framework has since been complemented by a 100-day action plan released in late March/early April 2026, adding a short-term policy layer to its long-range proposals.

These policy rollouts come as the country prepares for a pivotal vote, with the Parliamentary Registration Department confirming a voters’ register of approximately 203,000 eligible voters, one of the largest in the nation’s history. Key dates are now set, with Nomination Day on April 16, followed by advance polls on April 30, ahead of General Election Day on May 12.

With platforms now in the public domain and the timeline locked in, the focus shifts squarely to the electorate—who must now weigh the promises, examine the plans and decide the country’s direction at the polls.

Angle by Deandrea Hamilton. Built with ChatGPT (AI). Magnetic Media — CAPTURING LIFE.

Continue Reading

Bahamas News

From Concept to Approval: What a 2019 Water Security Plan Now Means for Bahamians

Published

on

The Bahamas, April 14, 2026 – At its core, the $65 million water security project is designed to strengthen the reliability, safety and resilience of the water supply across The Bahamas.

If implemented as planned, the investment is expected to improve water quality, reduce contamination risks and support public health, while increasing supply reliability and limiting service disruptions during droughts or system failures. The project also aims to expand and upgrade infrastructure, including wellfields, pumping stations and storage capacity, and to protect freshwater resources from saltwater intrusion—an increasing threat for low-lying islands. In practical terms, that could mean cleaner, more consistent and more dependable access to water for residents across the country.

The project was first conceptualised in 2019 under the previous administration, when a proposal was submitted to the Green Climate Fund to strengthen the resilience of the country’s water systems. That early work came just months before Hurricane Dorian exposed the vulnerability of national infrastructure, including critical water and sanitation systems, particularly in the northern Bahamas.

The initial phase focused on developing the concept, identifying priority areas and engaging regional and international partners, including the Caribbean Development Bank, to support the design and preparation of a full funding proposal.

Following the change in government in 2021, the project advanced into its most technical and demanding stages. The current administration oversaw the completion of key requirements, including feasibility studies, environmental and social assessments, and detailed financing negotiations with international partners—steps necessary to move the proposal from concept to approval.

That multi-year process has now culminated in approval of a $65 million financing package, combining grant funding with concessional loans to support long-term upgrades to the country’s water infrastructure.

While the project brings significant international support, it is not entirely free money. The package is structured as a blended financing arrangement, combining grant funding with concessional loans—meaning a portion of the funding will ultimately need to be repaid. Based on information released by the Caribbean Development Bank, approximately $25 million of the total package is tied to loan financing, with the remaining portion provided as grant support.

Concessional loans typically carry more favourable terms than commercial borrowing, including lower interest rates and longer repayment periods. However, they still represent debt obligations that will be borne over time.

Notably, detailed terms of the loan components—including interest rates, repayment schedules and any associated conditions—were not disclosed in the initial announcement issued by the Office of the Prime Minister (Bahamas). Those details are expected to be outlined in formal financing agreements, but have not yet been made public.

For Bahamians, the project represents both investment and obligation. While the grant funding provides a significant boost to infrastructure development, the loan component adds to the country’s long-term financial commitments—making transparency around terms and implementation timelines especially important.

While the approval marks a significant milestone, the timeline for delivery remains a critical factor. Based on information available from project partners, implementation is not expected to begin immediately. The initiative is anticipated to move into its execution phase later in 2026, following finalisation of financing agreements and completion of preparatory requirements.

From there, the project is projected to unfold over several years, with estimates suggesting a multi-year implementation period of up to seven years to fully deliver the planned upgrades to water infrastructure across The Bahamas.

This means that while the funding has now been approved, the benefits will be realised gradually rather than all at once. A definitive completion date has not been publicly outlined, and detailed timelines tied to specific islands or phases of work have yet to be disclosed.

For Bahamians, the question now shifts from approval to execution—when funds are drawn down, when construction begins, and how consistently the project moves from plan to delivery.

Angle by Deandrea Hamilton. Built with ChatGPT (AI). Magnetic Media — CAPTURING LIFE.

Continue Reading

Bahamas News

Fuel Pain at The Pump: Global Tensions Drive Prices Up as Bahamians Feel the Squeeze

Published

on

NASSAU, Bahamas — What should be a simple five-minute drive is fast becoming an expensive, hour-long ordeal, as rising fuel prices collide with worsening traffic congestion across New Providence.

As of early April 2026, gasoline prices across The Bahamas have climbed sharply, with motorists now paying an estimated $5.50 to over $6.50 per gallon, depending on the station and grade. The increases, seen at major retailers including Esso, Rubis and Shell, reflect a volatile global oil market driven by escalating geopolitical tensions.

The latest spike — in some cases jumping more than 50 cents per gallon within days — is being driven by uncertainty surrounding escalating tensions involving Iran. U.S. President Donald Trump has issued a direct ultimatum, warning that the United States could launch aggressive strikes on Iranian infrastructure, including power plants and key facilities, if demands are not met. While he has also expressed hope for a swift resolution, the threat of rapid escalation is already rattling global oil markets — and The Bahamas, heavily dependent on imported fuel, is feeling the impact almost immediately.

At the pumps, the frustration is real.

Drivers are now paying significantly more just to sit in traffic. Commutes that once took minutes are stretching into hour-long crawls, burning fuel with little movement and compounding the financial strain. For many residents, the issue isn’t just the price per gallon — it’s how quickly that gallon disappears.

Industry players are also bracing for impact. Higher diesel prices are expected to ripple across key sectors, including trucking, construction, and shipping — all of which ultimately feed into the cost of goods and services. In short, this is not just a fuel story; it’s an inflation story in the making.

Despite the surge, the Bahamas Petroleum Retailers Association has moved to calm fears, confirming that there is no fuel shortage. Supply remains stable, but consumers are being urged to adjust behavior — from maintaining proper tyre pressure to considering carpooling — small measures that could stretch every dollar a bit further.

Retailers, however, are not offering much comfort on price relief. While fluctuations are expected, insiders say the days of sudden price drops are unlikely in the immediate term. The “shock” increases may level off, but a meaningful decline hinges on global stability — something that currently feels out of reach.

For Bahamians, the reality is tightening: higher fuel costs, longer commutes, and a growing sense that relief isn’t coming anytime soon.

Angle by Deandrea Hamilton. Built with ChatGPT (AI). Magnetic Media — CAPTURING LIFE.

Continue Reading

FIND US ON FACEBOOK

TRENDING