Chartered Accountant, Christopher Ram has reiterated his position that the current foreign currency shortage is a fallout from the 2016 Production Sharing Agreement for the Stabroek Block and he said Guyanese should note that the much vaunted Model PSA has essentially retained the old foreign exchange framework, which is the source of the problem. Writing…
Every Man, Woman and Child in Guyana Must Become Oil-Minded – Part 106 – March 25, 2023 Introduction In Guyana’s fast changing news cycle, the issue of whether or not there is a shortage of foreign currency appears to have receded into the background. That of course does not mean that the temporary problem has…
Every Man, Woman and Child in Guyana Must Become Oil-Minded – Part 105 – March 17, 2023 Introduction It is surely a contradiction that even as Guyana has the fastest growing economy in the world, and amid a phenomenal expansion in oil production and export, the issue of the availability of foreign exchange is now…
Every Man, Woman and Child in Guyana Must Become Oil-Minded – Part 102 – 24 February 2023. Introduction President Irfaan Ali was visibly upset by the disclosure in the Stabroek News of Guyana’s suspension from the Norway-based Extractive Industry Transparency Initiative (EITI). The body was formed in London in June 2003 when representatives from governments,…
