October 5, 1992, was an historic day for Guyana – the day when democracy returned in free and fair elections for the first time in twenty-four years. It is commemorated only by the PPP but in a way that aids its own credentials and whatever current political disputes it is engaged in. It would have […]
Category Archives: Economy
GUYANA’S FUTURE AS AN OIL PRODUCER
The official information is that Guyana’s petroleum deposits are estimated to be equivalent to 800 million to 1.4 billion barrels of oil from the results of two wells. Many more wells are expected to be drilled by Exxon in the future and no one knows how much more oil, if any, would be discovered. The […]
BREXIT-LESSONS FOR CARICOM
The results of the referendum held in Britain to determine whether or not it should remain in or leave the European Union (EU), has been won by voters who supported the leave option. Prime Minister David Cameron attempted to resolve the opposition within the Conservative Party to membership of the European Union by way of […]
ABOLISH THE GOLD BOARD
The recent publication of the forensic audit into the Gold Board has raised concerns about its operations. The forensic audit revealed that “poor management of gold in its possession resulted in losses of over $10 billion for the period 2012 to 2014.” The report found that the losses were due to the maintenance of high […]
PROSPECTS FOR THE NEW YEAR
The major concern for most Guyanese for the New Year is likely to be their economic wellbeing and the progress being made towards improvement of conditions for them and their families. 2015 resonated with excitement for supporters of APNU+AFC with the election of a new government after a decade and a half of corruption, arrogance […]