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Georgetown Chamber of Commerce told of benefits of extractive industries

GCCI  5thDirector of the Caribbean Development Bank’s Economics Department Dr. Justin Ram feels that Guyana should try to benefit more from its Extractive Industries.

Speaking at the Annual Awards Dinner of the Georgetown Chamber of Commerce and Industry last night at the Guyana Pegasus, Ram told the gathering of largely business persons, government officials, elected representatives and diplomats that Guyana has come a far way since the introduction of the Economic Recovery Program under then President Desmond Hoyte.

The CDB representative said the way forward for Guyana included improving its infrastructure bringing down the cost of energy and looking at its extractive industries among other measures.

President of the Chamber Clinton Urling recalled the work the GCCI has been doing in Guyana in his remarks at the ceremony. He called for collective action at the national level.

And Guyana’s President Donald Ramotar took the occasion of the eminently elegant Gala Dinner and Awards Presentation to launch an attack on the recent rating of Guyana by the Berlin based NGO Transparency International. TI rated Guyana a lowly 27 in the Corruption Perception Index, a position with which the President is not too happy. He accused the local Transparency Institute of a conflict of interest.

Several businesses and individuals were honored by the GCCI for their commitment to the private sector and their involvement in the community and National Life as it pertains to industry and commerce.

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