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Accountability

GuyTIE 2020 participants benefit from capacity building workshops

Over 50 businesses participating in the upcoming Guyana Trade and Investment Exhibition (GuyTIE) 2020 scheduled for May, 2020, benefitted from capacity-building sessions in the key areas of trade facilitation and corporate social responsibility (CSR) over the course of three days. CSR is a self-regulating business model that helps a company be socially accountable—to itself, its stakeholders, and the public. CSR ...

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Guyana fast-tracked negotiations to prevent ExxonMobil-controlled consortium’s pull-out over Venezuela’s threat -PM

Prime Minister Moses Nagamootoo Tuesday night condemned a Global Witness report that concludes that the 2016 ExxonMobil deal amounts to a US$55 billion giveaway, instead saying that government fast-tracked negotiations to prevent the company from pulling out due to Venezuela’s claim. Nagamootoo criticised Global Witness’ call for a suspension of oil production to pave the way for renegotiation of the ...

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As global anti-corruption watchdog calls for renegotiation of oil contract, independent probe believes ExxonMobil likely withheld vital information from Guyana gov’t

Even as the United Kingdom-headquartered international natural resource anti-corruption watchdog, Global Witness, calls for a renegotiation of the Stabroek Block agreement with ExxonMobil to secure at least a 69 percent equal share of oil revenue, an independent probe has found that ExxonMobil appeared to have withheld vital information about another oil discovery before signing the controversial 2016 agreement. The UK-headquartered ...

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Bank of Guyana now responsible for sovereign wealth fund

Guyana’s central bank, the Bank of Guyana, on Wednesday formally took over responsibility for managing the Natural Resources Fund also known as the sovereign wealth fund (SWF), even as Guyana awaits word from the Federal Reserve Bank of New York (or the New York Fed) on due diligence where the monies will be deposited. Governor of the Bank of Guyana, ...

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SARA official immigration meeting with non-nationals in “personal capacity” – Harmon

The Deputy Director of the State Asset Recovery Agency (SARA) Aubrey Heath-Retemyer participated in a meeting with foreigners in his “personal capacity”, Director-General of the Ministry of the Presidency, Joseph Harmon said Friday. “Mr. Retemyer is not an officer in the Department of Citizenship. What he has been doing is acting in his private and personal capacity and so he ...

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Gov’t ordered to pay former Deputy Solicitor General, Prithima Kissoon, withheld salary

Chief Justice Roxane George-Wiltshire has ruled that Prithima Kissoon, former Deputy Solicitor General must be paid her salary that had been withheld. Ms. Kissoon’s money had been withheld by the Permanent Secretary (PS) of the Ministry of Legal Affairs and the Attorney General. In May, 2017, the Attorney General caused Ms. Kissoon to be sent on “administrative leave” by the ...

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OPINION: The prerogative of mercy: Examining the President’s grant of respite to his Minister of Finance

by Attorney-at-Law Vivian Williams If courts which are instituted to determine what justice is between man and man may not enforce the private rights to which they find the litigants before them entitled, the great purpose of government will be unattained and our republican system will prove to be a lamentable failure.” – (U.S. 8th Circuit Court of Appeal) As ...

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President blocks imprisonment of Finance Minister; GRA claims GYD$527m in taxes from Dipcon

President David Granger on Monday blocked Finance Minister Winston Jordan from going to jail for 21 days for contempt of court for failing to pay Dipcon Engineering Services Limited US$2.2. million plus costs in keeping with a court order that dated back to 2009 under the previous administration. “Now, therefore, by virtue of the powers vested in me under Article ...

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