The People’s Progressive Party/Civic (PPP/C) will ensure that every cent of the revenues from the sector is accounted for, as well as every cent of it that is spent, says President Irfaan Ali.
During his inauguration speech today, Ali said that his government will establish a Petroleum Commission to ensure that the oil and gas sector is not subjected to undue political interference.
“More importantly, we will ensure that every cent of the revenues from the sector is accounted for, as well as every cent of it that is spent. There must be no doubt in the minds of our people that our country, our nation, our people are the beneficiaries of the oil and gas industry,” he said.
Further, he noted that the government will create a Single-Window Clearance System to reduce bureaucracy and the cost of doing business.
This will make it easier for local and foreign investors to start-up and establish businesses in Guyana’s economy that is forecast by the World Bank to grow by a whopping 52.8% this year – surpassing all 26 Latin American and Caribbean states.
