Prime Minister the Honourable Gaston Browne has described the launch of the ACB Invest Programme/Unit by Antigua Commercial Bank (ACB Caribbean) as a major milestone for Antigua and Barbuda’s financial future, signalling a new era of wealth-building opportunities and wider citizen participation in the investment economy.
Delivering the feature address at the launch, the Prime Minister congratulated the Directors, Management and Staff of ACB for establishing a dedicated wealth management unit, which he said will strengthen national investment infrastructure and provide customers with investment alternatives beyond traditional low-yield deposit accounts.
The Prime Minister emphasized that the ACB Invest Programme is more than a new banking service, but rather a national development tool designed to broaden wealth creation and expand economic mobility across society. He noted that wealth management is often misunderstood as being reserved for the affluent, but in reality it is about financial empowerment—helping ordinary citizens to make informed decisions to protect, invest, and grow what they earn, while strengthening their financial security and resilience.
Prime Minister Browne reaffirmed his long-standing advocacy for investment and entrepreneurship, stating that citizens must seize opportunities to use their resources, skills, creativity and innovation to build wealth and create long-term stability for themselves and their families. He also underscored the importance of intergenerational prosperity, stressing that nation-building must be anchored in a deliberate commitment to ensuring that future generations inherit opportunities and security rather than hardship.
The Prime Minister pointed to the Government’s policy approach over the last decade, which he said has intentionally focused on turning income into assets, increasing domestic ownership, and building a “stakeholder society.”
He explained that this strategy seeks to ensure that Antiguans and Barbudans gain greater control of the commanding heights of the economy, while reducing the risk of an extractive economic model in which profits are repatriated abroad rather than retained for national development.
Prime Minister Browne outlined key economic indicators which he said demonstrate that Antigua and Barbuda’s development model is working.
He reported that the country’s debt-to-GDP ratio has fallen dramatically over the past decade, inflation is now below three percent, and economic growth has averaged approximately six percent annually over the last five years—driven largely by investment and sustained expansion in tourism and construction. He noted as well that foreign direct investment inflows have financed transformative hotel and mixed-use developments, driving employment and strengthening productive capacity.
He further urged citizens to embrace financial planning, disciplined saving, and investment literacy as essential life skills in the modern era, while calling on financial institutions to partner more deeply with national development efforts.
Prime Minister Browne expressed confidence that ACB Invest will contribute meaningfully to bridging the gap between savings and investment, mobilizing capital into productive use and helping to strengthen families, communities and the national economy.
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This is a nothing burger.
First: Antiguans and Barbudans has very little disposable income.
This is for The I percenters only, and we know who they are.
Those who CDB take advantage of a truly Wealth Management service are the 1 percent or the CIP investors.
To say that economic growth has averaged approximately six percent annually over the last five years—driven largely by investment and sustained expansion in tourism and construction in the context of wealth management; is like throwing shit in a mirror and telling the public to take a smell.
Only a few people have the income required to pay a bank a fee to manage their money.
What controls will the Government have in place.
Investments and capital markets are highly regulated.
The BS that’s written here is such that I’d ask the public to remember Usain Bolt who lost all his money to a money manager in Jamaica with no solution to the mystery “of way did de money go?”
I would have problems establishing a wealth management account with a bank that has such rude employees archaic practices and weak digital infrastructure
The Vice Chancellor of UWI Five Islands in his attempt to support the Jolly Hitel investment has indicated we have no investments or capital markets. What markets are the wealth management companies investing into.
In wealth management markets weathy individuals and family firms have the ability to make professional investments in new and emerging as well as mature markets.
Where are the investment vehicles that xxx will be investing peoples money.
CLICO was an investment vehicle. You all know the history
The sit did down with Kamala and Gaston about the CLICO looses is gone a gwassa
How many times are we going to hear about wealth creation from Gaston Browne?
They had the group out of Tortola that made a presentation to Cabinet. Then there was Barnacle Point the Max Hurst was tooting not to long ago.
It’s time for Garson to stop whining on one hand snd fooling in the other.
Yes ACB staff are very very very very very rude disrespectful and disgusting. Especially a Rasta one that deal with the old people line.
It was this same Gaston voice I heard saying he just blocked an Antiguan family who invested their hard earnings purchasing an oil distribution tanker ship and was hopeful of been granted the license to bring in oil to sell to boats out at sea, and Gaston say how he blocked them from doing any business in the country of their birth, and that oil that they would be getting from Venezuela is sanction oil, the very same oil that the government WIOC buy from Venezuela, this prime minister Gaston is so selfish and contradictory, only he and his family or chosen few are entitled to wealth.
I contacted the WIOC manager about the idea of having a gas outlet at a waterfront property to sell fuel to boats, he never spoke to me again.
Gaston doesn’t want any one else to have financial independence to stand up to him about his wrongs, even Mr Ryan he curse off because the man call for his rent money from government,.and the Syrian mold building where land survey is , gets his rent monies and not been curse out, even though the workers have to stand outside due to mold.
Even at dredge bay Gaston took the lands on the beach in villa, he didn’t allow any villa people to get up to his standards of having beach front property, at long bay he and his son bought long bay beach front and then the Stanford waterfront property, no opportunity for the local man except he allow his political colleagues to grab up limited lands and properties too so they can keep quiet.
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