Mr. David Hopkin Phone: 440 2731 Direct Line: 440 5883 Ext: 31165 Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
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Telephone: (473) 440-2731 – (4) Ext: 31079/440-2294 Fax: (473) 435-1064 E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
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Written by Keri Wilson
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ABOUT US
what we do
Manage Grenada’s finances, planning and budgeting with transparency and accountability to support growth and stability.
MISSION
To effectively plan, generate, allocate and account for resources through the implementation of fiscal and economic policies and the facilitation of social and environmental policies in co-operation with other agencies thereby providing and enabling sustainable growth and development.
VISION
Efficient and effective delivery of finance and economic services to the national, regional and international communities, through strong leadership role in planning and management of the available resources.
STRUCTURE
The Minister of Finance, Planning, Economy, Energy, & Co-operatives exercises general control and direction. The administrative head of the Ministry is the Permanent Secretary. There is also two deputy Permanent Secretary.
The Ministry is divided into the following departments: Administration | Accountant General’s Division | Inland Revenue Division Division of Customs and Excise | Central Statistics Office | Government Printery Budget Unit | Debt Unit | Policy Unit | Public Procurement Unit Physical Development Unit | Trade Unit | Basic Needs Trust Fund (BNTF) Economic and Technical Cooperation | Market Access and Rural Enterprise Development Programme (MAREP)
A Department Head, who reports directly to the Permanent Secretary, manages each department.
GENERAL
The Ministry of Finance, in pursuit of its mission, has a wide mandate with responsibility for:
Economic Planning
Budgeting
Debt Management
Economic Policy Formation
Resource Mobilization
Cash Management
Economic Policy Formation
Supporting decision-making processes in the public and private sectors
The main objective of this unit is to provide efficient and effective administrative support for the programmes of the Ministry. Key functions are to:
Ensure that all incoming mail and Cabinet Conclusions are brought to the attention of the Permanent Secretary on a daily basis.
Assist the Permanent Secretary in the implementation of all Cabinet directives and policy decisions.
Ensure timely routing of all correspondence to addresses.
Collaborate with all other Departments and Ministries on administrative matters.
Provide Office Attendant/Chauffeur, photocopying and delivery service to all Divisions.
Hold management team meetings.
Ensure that the physical plant, equipment and sundry related items are in good condition (including vehicles)
Facilitate the timely sale of vehicles no longer required for use by Government Ministries.
Give support to departments and other Ministries in the procurement of computing services.
PERSONNEL
The main objective of this unit is to maximize benefits to the Ministry from Performance Management and Human Resource Development. Key functions are to:
Ensure the personnel function is properly supervised.
Process appointments, promotions and applications for transfers, leaves and the like.
Match staff with budgeted post and salary scale.
Liaise with the Public Service Commission, the department of Human Resources and other Divisions on personnel matters.
Co-ordinate the Performance Appraisal process.
To coordinate training for employees in collaboration with the Department of Human Resources and advise heads of divisions on available training courses.
Records Management (Registry)
The main objective of this unit is to provide services for the receipt, record, distribution and storage of written communications coming and leaving the Ministry. Key functions are to:
Open and accurately record all incoming correspondence as well as outgoing mail.
Pass incoming mail to the Permanent Secretary and other designated Officers.
Accurately classify and docket correspondence.
Ensure timely routing of all correspondences to respective officers daily.
Finance Management (Finance Unit)
The main objective of this unit is to provide accounting services for expenditure allocated to the Ministry. Key functions are to:
Control and monitor the administration of the Ministry’s budget to ensure compliance with the Finance and Audit Act, the Appropriation Act and the Financial and Stores Rules.
Ensure timely preparation and processing of invoices.
Maintain internal accounts both recurrent and capital.
Prepare imprest warrants, special warrants and transfers.
Procurement and distribution of stores and supplies to maintain adequate stock levels.
Internal Audit Unit
The main objective of this unit is to safeguard government assets, review the financial and operational controls and conduct board of survey activities. Key functions are to:
Ensure policies and practices are followed.
Ensure data on purchasing Journals and Payables on SIGFIS is accurate.
Review the financial and operational controls existing within the Ministry.
Review the settlement of all claims within 45 days of approval.
Conduct Board of Survey activities on all Ministries/Departments.
Provide assistance to any department in carrying out their statutory duties as Accounting Officers.
Work along with the audit department and cohere activities.
Report to the Permanent Secretary on a monthly basis
Provide technical support to the Permanent Secretary when requested.
Establish proper Audit procedures and practices to ensure that Internal Audit provides a service which is adequate and effective and which is suitably quality assured.
Corporate Communications
The key functions of this unit are to:
Coordinate all public awareness and educational activities of the Ministry.
Prepare and circulate press releases and other information for the media.
Manage the Ministry’s television programme “Finance Matters”.
Manage the publication and distribution of the Ministry’s newsletter “Inside Finance”.
Distribute all relevant information for public knowledge.
Office of Private Sector Development
Coordinate key private sector reforms;
Facilitate a dynamic partnership between Government, the Private Sector and Civil Society;
Improve the Business Climate (Investment Code, Small Business Policy); &
Give Policy Direction to Investment Initiatives, including new Areas of Investment
The main responsibilities of the department include:
To ensure that a proper system of accounts is established and maintained in every department of the Government of Grenada.
Exercising supervision over public revenue and expenditure.
Divided into four operational units, this department manages twelve specific work functions:
ACCOUNTS
Payroll
Pensions
Investment
TREASURY
Treasury
Banking
Financial Reporting
OTHER ACCOUNTS
District Revenue Offices
Capital Projects
Other Government Liaison
INFORMATION TECHNOLOGY
IT Management
Hardware Support
Software Support
SERVICES PROVIDED
Administering Revenue Laws to wit:
Income Tax Act 36/1994
General Consumption Tax Act 7/1995
Annual Stamp Tax Act 36/1992
Ticket Tax Cap. 319
Property Transfer Tax Act 37/1998
Property Tax 2/1999
Collecting arrears of taxes under the Business Levy Debt service levy and VAT acts
Collecting and accounting for budgeted Tax Revenue and license fees in accordance with the above laws and financial rules
Discharging functions delegated by the Permanent Secretary Finance and other agencies relative to the collection of taxes, licenses and fees
Encouraging voluntary compliance through consultation, public awareness programmes, the dissemination of information and by rendering customer friendly service.
Enforcement of the above legislation so as to bring delinquent taxpayers into compliance. (a) by issuance of warrants (b) best of judgment assessments (c) court action.
Management of the human and material resources provided in the annual budget efficiently and cost effectively as possible so as to achieve revenue goals.
SERVICES PROVIDED
Processing of documents for the importation and exportation of goods.
Collection of import and export duties (Customs Revenue)
Accounting for customs revenue.
Facilitation of tax refunds.
Enforcement of import and export prohibitions and restrictions in accordance with the laws.
Encourage compliance by facilitating the clearance of legitimate imports and exports at Ports, Airport, Warehouses, Parcel Post, Courier Services and Sufferance Wharves.
Facilitation of entry and departure of ships and Aircrafts to and from Ports, Airports and Marinas.
Facilitation of bonds and deposits relative to imports and exports, including private warehouses and in-bond facilities.
Facilitation of concessions.
Seizure of drugs and contraband items.
Processing of air and sea passengers and their baggage.
Facilitation of stakeholders outside of official working hours.
Complaints resolution/Customer Care
SERVICES PROVIDED
To ensure proper utilization of resources to improve efficiency
To monitor the price, quality and availability of basic food items
To provide quarterly and annual economic and social indicators for use in economic and social analysis
To develop harmonized statistics to effectively monitor and evaluate the Caribbean Single Market and Economy
Granting of licenses for certain imported items
SERVICES PROVIDED
The ETC is the focal point of contact with international grant and lending agencies and so has technical leadership of the external resource mobilization effort and is also responsible for coordinating related policy dialogue.
To improve the information flow between Line Ministries and the Unit in preparation of Sector Plans and Project Identification activities.
Implementation of Poverty Reduction Strategy
Finalization of Country Assistance Strategies and Technical Cooperation Programmes with specific donors.
To facilitate the approval of Funding for Projects and Technical assistance outside the Country Assistance Programme of Cooperation Framework.
Increase the rate of implementation for the Capital Budget to a level of 70%.
To provide users of the PSIP with timely information.
To facilitate interface and cooperation between Government and NGO’s.
SERVICES PROVIDED
Ensure adequate, reliable and economical energy services to sustain economic development, while satisfying the current and projected demands.
Encourage and promote the use of renewable energy technologies and energy efficiency alternatives.
Promote energy efficiency and energy conservation at all levels of the economy, in order to achieve optimum economic use of renewable and non-renewable sources of energy.
Promote , encourage and facilitate petroleum exploration and development in environmentally friendly (sustainable) manner.
To enable Grenada to meet its objectives relating to phasing out the use of Annex a CFC's under the Montreal Protocol.
To ensure timely, sustainable and cost-effective CFC phase-out through the development and implementation of a combination of investment, training, technical and policy/management support components.
SERVICES PROVIDED
To inspect all producer and Service Co-operative Societies to effect legislative compliance and adherence to industry benchmarks.
To promote and effect sustainable socio-economic growth and development of the Productive Co-operatives Sector.
To develop and execute training programmes for the Productive Co-operatives.
SERVICES PROVIDED
Publishing the weekly official Gazette and accompanying legislation.
Publishing the Extraordinary Gazette as required.
Printing statutory and other forms, reports, financial estimates booklets, programs, invitations, etc.
Providing efficient and aesthetic binding and finishing services for printed products.
Distributing printed matter and stationery to Ministries and Departments as requisitioned and facilitate the sale of official documents to the public.
This Online Service Portal is provided by the Government of Grenada for the public to conduct business with the goverment, including:File Personal & Business Taxes, Register a Business and more.
The Ministry of Finance, in pursuit of its mission, has a wide mandate with responsibility for:
Economic Planning
Budgeting
Economic Policy Formation
Resource Mobilization
Cash Management
Tax Administration
Supporting Decision-Making Processes in the Public and Private Sectors
Mission Statement
To effectively plan, generate, allocate and account for resources through the implementation of fiscal and economic policies and the facilitation of social and environmental policies in co-operation with other agencies thereby providing and enabling sustainable growth and development.
Vision Statement
Efficient and effective delivery of finance and economic services to the national, regional and international communities, through strong leadership role in planning and management of the available resources.
Structure
The Minister of Finance, Planning, Economy, Energy, & Co-operatives exercises general control and direction. The administrative head of the Ministry is the Permanent Secretary. There is also two deputy Permanent Secretary.
2026 BUDGET DOCUMENTS
“Towards Vision 75: Powering Progress Through People’s Participation and Innovation.” This theme captures the essence of our transformative journey over the past three and a half years—a journey marked by purpose, determination, and resolve. It reflects our shared aspiration to build a Grenada that is not only economically stronger, but socially just, environmentally resilient, and guided by the enduring principles of inclusion, participation, and innovation.
Effective April 15, 2023, the Government of Grenada will commence payment of personal emoluments and pensions to Government workers and pensioners twice per month.
This Memorandum is being prepared in fulfilment of Section 10 (1) of the Fiscal Responsibility Act 2015 as amended (FRA), to give effect to the suspension of the fiscal rules and targets under Sections 7 & 8 of the FRA for the fiscal year 2022.
The Government of Grenada is implementing 100% duty and tax exemptions (including Customs Service Charge, Port Charges and Stamp Duties) on food, clothing, household linen, sanitary products for adults and babies, small household appliances and household cleaning supplies.
Permanent Secretary
