Here is an idea that should be given top priority. Guyana needs to build up an entrepreneurial class. Guyana needs to develop a class of Guyana’s Product Brands. (Currently Guyana has only one such brand -15-year-old rum. Europe and North America cannot get enough of Guyana’s rum). Guyana needs a dozen new export products not…
I hope the Green Paper on the proposed Sovereign Wealth Fund (SWF) is a work in progress. The paper outlines a fiscal rule for withdrawals and the passive investment strategies for the foreign assets that will make up the Natural Resource Fund (NRF). It is quite intuitive why a NRF is necessary. It’s like a…
1. What wisdom can you find greater than kindness. 2. What justice can you find greater than a fair contract. 3. What courage can you find greater than to fight for what is right. 4. What temperance can you find greater than perseverance. Wisdom, Justice, Courage and Temperance, these are the virtues that have stood…
A question: Is/was Sir Shridath Ramphal an adviser to JHI or Mid-Atlantic (who are now Joint Venture partners with Exxon and Total in the Canje Block offshore Guyana) ? Is/was he associated with any oil company in Guyana? If so, did he disclose this to Cabinet or the Ministry of Foreign Affairs, and when?
Reference: Environmental Impact Assessment for Liza Phase 1 http://www.oggn.website/wp-content/uploads/2018/01/Volume-I-Liza-Phase-1-EIA-1.pdf
Professor Clive Thomas stimulated much discussion last week when he proposed the idea of a US$5000 per year cash transfer to Guyanese families. The fact that the proposal is open ended stimulated a lot of heated discussions on social media. Several claims were made: these payments will stimulate the money supply and therefore engender inflation;…
The proposal by Professor Clive Thomas of the distribution of cash from the projected oil revenue to every Guyanese household caught me by surprise. With the proposed payout, there is every likelihood that the price paid for goods and services will invariably increase, thus reducing the real purchasing power to the beneficiary. Firstly, we need…
I feel the coolness of the breeze that permeated the Guyana coastline from the letter penned by Chartered Accountant Nigel Hinds in the Kaieteur News of August 3. For this letter to be published just after we celebrated Emancipation Day seems very refreshing and applicable. Our Government should recognize, albeit their authority to govern our…
