Jagdeo: Ministers Can Invest Privately, But Abuse of Power Will Not Be Tolerated
At his January 9, 2025, press conference, Vice President Dr. Bharrat Jagdeo addressed growing concerns about government ministers engaging in private investments.
He clarified that while ministers, like any other citizen, have the right to pursue legitimate business interests, there must be a clear and uncompromising boundary between their private ventures and public responsibilities.
Jagdeo emphasized that his administration will not tolerate any misuse of ministerial power or office for personal gain.
“Ministers are entitled to secure their financial futures through lawful and ethical investments,” Jagdeo stated. “However, this must be done with the highest levels of integrity. There is no room for anyone to abuse their power or leverage their position for unfair advantage.” The Vice President reaffirmed the government’s zero-tolerance policy on corruption, stressing that systems are in place to monitor and address any abuse of office.
He assured that strict oversight mechanisms, such as mandatory financial disclosures and conflict-of-interest guidelines, have been implemented to ensure accountability.
“If there is evidence of wrongdoing, action will be taken immediately, regardless of rank or position,” he said.
Jagdeo also encouraged members of the public to report any suspected misconduct, promising thorough investigations into any allegations. He argued that transparency and ethical conduct are critical to maintaining public trust and that any official found guilty of abusing their authority would face serious consequences.
While supporting the right of ministers to engage in private investments, Jagdeo warned that such activities must not compromise their duties as public servants. He stressed that ministers should prioritize their responsibilities to the people of Guyana above all else.
“The work of a minister is a full-time responsibility. Private investments must not distract from or conflict with the critical task of serving the people,” he added.
At the same time, Jagdeo called for fairness in public scrutiny, urging critics not to assume wrongdoing without evidence. He emphasized that ministers, like all citizens, deserve the right to participate in the economy within the bounds of the law.
“We must strike a balance. Ministers are not excluded from the economy, but they are held to a higher standard. Let us ensure that our criticisms are based on facts, not assumptions or speculation,” he concluded.
Jagdeo’s remarks highlighted the government’s commitment to ethical governance while acknowledging the rights of ministers to pursue private opportunities responsibly.
His firm stance on accountability has been met with mixed reactions, with some praising the focus on transparency and others calling for more stringent safeguards against potential abuses of power.
