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Financial management leads to visible developments

Dec 17, 2008 Features / Columnists

The falling prices cannot escape notice and they cannot come at a better time. The economy is doing well and other things are about to happen, such as the limited opening of the Berbice River Bridge and the commissioning of a series of investments by private entities.
Last week alone two multi-million-dollar facilities opened their doors – one in the city and the other in Parika. One of these things is a mini-mall, which would offer shoppers an even wider variety of purchases at prices that would surely be competitive, because failure to offer competitive prices would only render those who operate within the mall redundant.
At the same time, the buildings are changing the landscape of the country, even if it is by virtue of their fire-resistant construction.
The Courts facility at Parika speaks volumes coming after Courts had actually closed a number of outlets in the city. At the time, Courts had argued that people seemed to have too few dollars to support these businesses, and it was therefore cost-inefficient to keep those doors open.
If one is to look at the impact the opening of the Berbice River Bridge would have on the economy one would find that food prices would fall even lower. It goes without saying that most of the agricultural products come from the eastern part of Guyana .
The Black Bush Polder has long been one of the most productive regions as far as kitchen vegetables are concerned. When the trucks laden with greens had to come to the city with their loads they did so at great inconvenience.  For one, they had to wait long hours at the New Amsterdam ferry stelling to cross to the western side of the river.
The high cost of fuel did not help, and this high cost was added to the cost of the vegetables when they reached the city. Today, that is all about to change – fuel is as cheap as it was in 2005 and the long wait for a ferry crossing is about over.
The Bridge is set to open next week and, according to everyone concerned, the opening could not come at a better time. One can easily see an expansion of farming activities in Berbice because the farmers would know that there would be far less delays in accessing markets.
Further, they know that they would now be paying less to ship their produce, something that every farmer wants, regardless of which country he lives in. The buyers are going to be excited because they would now be able to buy more of a commodity for less, thus saving large sums of money that they could use elsewhere.
The Courts outlet at Parika is the other thing that needs to be examined. Parika would soon become a town and, with its population and ready access to the riverain communities, it could be considered the gateway to the Essequibo. Anyone from those parts travelling to the city must pass through Parika..
In the not too distant past, people desirous of purchasing household items needed to spend more by travelling to the city to acquire whatever they needed. Delivery also took longer, but that is about to change.
There is an added benefit to this. People from rural Guyana are often scared to travel to the city because of the possibility of attacks on the streets by criminals, especially when they are coming with sums of money. They are being spared that experience by not having to come to the city. Everything is literally at their doorsteps.
And so we come to the Regent Mall, which offers many compartments that offer from the proverbial pin to the anchor. People love to shop in a beautiful environment. The poorer people are often consigned to shopping on the sidewalks or in the small nondescript shops.
This mall should offer them a chance to at least feel important and even rich during their shopping experience.
These things are happening because of prudent financial management that has seen this country weather the fallout in the big countries. They are also happening as the critics seek things for which to blame the government.

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