Prime Minister Browne Hails ACB Invest as Wealth-Building Boost
Prime Minister Gaston Browne has welcomed the launch of ACB Invest. He described it as a major boost to national wealth building. He said it strengthens Antigua and Barbuda’s financial landscape.
Accordingly, Browne spoke at the official launch on Friday, January 17. He praised Antigua Commercial Bank’s board, management, and staff. He said the new unit marks an important step forward.
Moreover, Browne described ACB Invest as a dedicated wealth management platform. He said it offers customers better options than traditional savings accounts. Those accounts, he noted, often provide very low returns.
Importantly, Browne stressed that ACB Invest is not only for the wealthy. Instead, he said it is designed for ordinary citizens. Therefore, it should be seen as a tool for financial empowerment.
Additionally, Browne explained that wealth management is often misunderstood. At its core, he said, it helps people make smart financial decisions. These decisions protect earnings, build assets, and improve long-term security.
Meanwhile, the Prime Minister renewed his call for entrepreneurship and investment. He urged Antiguans and Barbudans to use their skills and creativity. In doing so, they can build sustainable wealth.
Furthermore, Browne highlighted the importance of intergenerational prosperity. He said true nation-building requires passing on opportunities. It should not pass on hardship or dependency.
Reflecting on his government’s economic strategy, Browne pointed to the last decade. He said the focus has been on turning income into assets. He also emphasized expanding domestic ownership.
As a result, Browne said his administration is building a “stakeholder society.” This approach gives citizens more control over key sectors. At the same time, it reduces dependence on external interests.
The Prime Minister also cited positive economic indicators. He pointed to a reduced debt-to-GDP ratio. He also noted inflation below three percent.
In addition, Browne said the economy has grown by about six percent annually. This growth spans the last five years. He credited tourism, construction, and strong foreign investment.
Moreover, Browne urged citizens to embrace financial planning. He called for disciplined saving and investment literacy. He said these skills are essential today.
Finally, Browne expressed confidence in ACB Invest. He said it will help bridge the gap between saving and investing. Ultimately, he believes it will strengthen families, communities, and the national economy.
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