Government to be commended for salary advance

Tue, Jan 10th 2012, 08:15 AM

Dear Editor,
 
In a Bahamas where Bahamians collectively feel that successive governments have not had the will or the insight to empower Bahamians, I was ecstatic when I read a report which said that the government will be making it easier for civil servants with at least five years of service to purchase shares in the Arawak Cay Port Development Company (APD).  This offer is even being extended to civil servants who have been employed for more than five years but are paid on a weekly basis.
This initiative I am sure will increase the likelihood of more civil servants being able to purchase shares, given our contracting economy.  Bahamians need more acts like this from our government.  In fact, we need initiatives like these all the time, 100 percent of the time.
The salary advance, which is essentially a loan, will incur no interest over the allotted twelve-month period, a deal that no bank would have provided.  I implore all civil servants to apply to the Ministry of Finance before the deadline, and where possible make sacrifices to ensure that they become a part owner in APD because this is an excellent long-term investment.
I commend the government for its action in this instance.
- Dehavilland Moss

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