No objections as long as money is placed in Govt. Coffers

Oct 11, 2010 News

GT&T mandatory payment to OP…

– Carberry

The Peoples National Congress Reform (PNCR) has no objections to payments being made by the Guyana Telephone and Telephone Company directly to the Office of the President as long as the money finds its way into the Consolidated Fund.
This is according to Chief Whip of the PNCR, Lance Carberry, who during the party’s recent press briefing said that if Winston Murray says that making payments to the Office of the President was not in the privatisation agreement then, “I would accept that Mr. Murray is and should be very familiar,” with the agreement.
That being the case, Carberry said he would rely on Murray’s recollection.
Carberry said that the important issue is that the money should be placed in the Consolidated Fund.
He said that as long as this happens he has no arguments against it and questioned whether Digicel is subjected to the same agreement.
Chief Executive Officer of the Guyana Telephone and Telegraph Co. Ltd. (GT&T), Yog Mahadeo, recently confirmed that the Company makes a mandatory payment of 0.1 per cent of its annual gross revenues to the Office of the President (OP).
Mahadeo said that the money is paid OP under a contractual obligation. “This annual fee has been paid every year since 1992.”
He explained that the Licence directs GT&T to pay the annual fee to the “Minister assigned responsibility for telecommunications, on behalf of the Government.”
According to Mahadeo, for many years GT&T paid the annual fee to the Ministry of Public Works as the Ministry with responsibility for telecommunications under Prime Minister Sam Hinds.
However, this changed in 2008 when President Bharrat Jagdeo assumed the portfolio of the Minister of Telecommunications.
Mahadeo did stress that at no time has GT&T paid this annual fee, nor any other sum, “to any specific person(s) in or associated with the Office of the President.”
Among some of the other fees GT&T pays are spectrum fees that have been paid directly to the National Frequency Monitoring Unit, which averages some $300M per annum.
GT&T also pays dividends to NICIL as it relates to the 20 per cent shares owned by Government in the company. It also pays other applicable taxes to the GRA.

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No objections as long as money is placed in Govt. Coffers

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