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Tag Archives: political uncertainty

Political climate dampens investors buyout of GuySuCo estates -Finance Minister

Political uncertainty, including threats to review deals, has posed a setback in the sale of several Guyana Sugar Corporation (GuySuCo) estates, Finance Minister Winston Jordan said Wednesday. “The sale of the estates has been delayed partly due to the political side because nobody is expressing interest when the opposition (People’s Progressive Party) says ‘we are going to review sales and ...

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Finance Minister boasts 5 straight years of economic growth

Finance Minister, Winston Jordan on Wednesday projected a 4.5 percent growth in Guyana’s economy for this year, five straight years of continuous growth compared to the Bharrat Jagdeo-led administration. Speaking at the presentation of the 2019 mid-year report, he said this year’s growth rate has been revised again. Originally, the projection was 4.6 percent but that was adjusted downward to ...

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Private sector, Granger at odds over impact of political uncertainty on businesses

Guyana’s private sector and President David Granger on Wednesday disagreed over the impact of the unsettled no-confidence motion on the business environment. “I do not know how valid that perception is but, as far as I’m concerned, the government has done nothing to engender any disorder or any despair in the business community so I don’t want to say whether ...

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