In addition to this, restrictions on contact between households and those outside the household will be lifted. Social distancing and strict hygiene measures must remain in place as they are "more important than ever as we return to a new normal".
Non-essential travel will be allowed providing people self-isolate for 14 days on their return to the Bailiwick.
Guernsey's Director of Public Health is urging people to continue to come forward and get tested if they think they may have symptoms of the virus.
Adding the that the 'test, trace and quarantine’ strategy remains in place. Dr Brink says "it continues to be effective as evidenced in the lack of new positives and the low number of active cases".
Dr Brink says the government has extended the testing programme to "proactively seek" cases by targeting key workers.
Guernsey's Chief Minister says the government will "continue to be lead by the advice of Public Health".
Phase Five is expected to see people return to "a normal level of activity" where pubs and clubs can reopen and the people can resume contact sports.