Internet Radio

Afro-Guyanese urged to own businesses, seek gov’t support

Last Updated on Sunday, 27 January 2019, 21:54 by Writer

Finance Minister Jordan addressing attendees at the IDPADA-G one-stop shop at Dolphin Secondary School, Charlestown, Georgetown.

Finance Minister, Winston Jordan on Sunday virtually ruled out the State paying a living minimum wage and urged the predominantly Afro-Guyanese government workforce to grasp opportunities to become entrepreneurs and create wealth.

Noting that the minimum wage is now GYD$64,000 up from GYD$39,000 in three years, and the take-home pay is about GYD$55,000, Jordan acknowledged that “it can’t do” and “the minimum wage was never designed to pay you for your whole life”.

“It’s a start and it can’t feed a whole household. The minimum wage was never designed to feed a whole household. Collectively, if ten of you are in the house and ten of you are earning the minimum wage, that sounds reasonable,” he said.

Addressing about 200 attendees at a one-stop shop business fair organised by the International Decade for People of African Descent Assembly-Guyana (IDPADA-G), the minister called attention to the availability of GYD$250 million in grants through the Sustainable Livelihood and Entrepreneurial Development (SLED) which is managed by the Ministry of Social Protection. “Therefore, what we have to do as Africans and Guyanese generally is to turn that little entrepreneurial spirit into ever increasing and ever widening activity,” he told the event that was held at Dolphin Secondary School in Georgetown.

He indicated that SLED could finance the purchase of grass-cutters, carpentry tools, sewing machines and other items for individuals as a means of reducing dependency on the public service. “We have to step away from this business that the only work is in the public service. There is a lot of poverty in the public service because we will not overnight be able to pay people the money that they may be due,” said Jordan.

Jordan, a former Budget Director at the Ministry of Finance, noted that Afro-Guyanese are vulnerable to retrenchment if the economy flounders and Guyana has to seek assistance from international donors and lenders.

“In any case whenever the country gets into trouble and you have to run to these people at the International Monetary Fund and so on, the first thing they tell you to do is cut the public service so the first set of people who will get the axe are those in the public service and unfortunately the public service is heavily populated by Afro-Guyanese so when you cut the public service, what you think happens to households? What you think happens to village communities and so forth? So you have to understand that this whole idea that we were brought up to be public servants is no longer feasible and as far as possible we have to become our own businessmen,” he said.

On the thorny issue contract awarding, the Finance Minister said new entrants first have to demonstrate that they have the capacity. “Many of you complain that the same people getting jobs, the same people like in the last 23 years getting jobs. A fair complaint, but wait a minute, what have you yourselves done to ensure that you can get jobs? We just can’t hand a job to you. The other side will holler discrimination and so forth. We have held a number of clinics and so forth around the country but when we look at it carefully, to do a job requires you to get a bond, to do a job requires you to fill up a whole set of jobs and requirements and so forth. Many of you find these to be very challenging and so I urge that the help desk be set up so that you can be guided right through the process, right through until the tender is deposited,” he said. Jordan recommended that small contractors who earn no more than GYD$60 million annually bid for jobs.

Before the end of the event, about 500 persons took advantage of small business offerings, processing of passport applications, birth certificates, and house-lot applications.

Jordan brushed off concerns in some quarters that the authorities have been hassling vendors who sell on parapets or obstructing traffic.”The first thing we have to recognise is that to make a living, we must try to make it within the confines of the law and we must try to understand that whatever we do, has an effect on some other set of people,” he said.

The Finance Minister, who is a Guyana- and United States-trained economist, urged the gathering to remember that “whenever you are your own boss, you are responsible for your own destiny” to create wealth and secure economic independence.

First-time businesses, he said, no longer need tax and national insurance.

Stand-alone Airport Delay Map

Find us on Facebook


January 2019