The victim has been identified as Vermon Rolle.
The country’s murder count now stands at 38.
According to police reports, Rolle, was stabbed shortly after 5:00 p.m. while in the area of the Sue & Joy Convenience Store.
He was taken to a local clinic where he died.
Police are still trying to determine why Rolle was stabbed. A man in his late 20s is in police custody.
On Monday, Dewitte Butler, a Carmichael Road resident, was killed following an argument over a gambling game.
The shooting death came less than 48 hours after Grand Bahama recorded its fourth homicide.