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PPP banks on new GuySuCo board for change in fortunes

Dec 17, 2013 News

The People’s Progressive Party (PPP) has taken note of the continuing failure of Guyana Sugar Corporation (GuySuCo) to meet its production targets and calls on all stake holders to redouble their efforts to turn the industry around.
PPP General Secretary Clement Rohee told reporters that he hopes that the new board can impact a significant turnaround in the sugar industry.
The PPP’s concerned interest in the sugar industry was made known at a press conference yesterday at Freedom House.
Rohee noted that the mining sector has performed well, overtaking sugar as the largest foreign exchange earner to the economy.
The General Secretary said that sugar is still the largest employer of labour and any further decline in sugar production could have disastrous effects on the livelihood and well being of sugar workers and their families.
Rohee was questioned about the validity of PPP’s continued statements that there will be a turnaround in the sugar industry. He said that he is hopeful that the newly appointed Board of Directors, working in tandem with the principal unions in the sugar industry could address existing deficiencies.
The General Secretary boasted that Guyana continues to be the largest exporter of sugar to the region despite contrary reports and criticisms. He recommitted on the party’s behalf to the resuscitation of the industry.
Rohee said, however, that changing weather patterns nonetheless continue to be of concern. He called for the relevant education in this regard.
PPP will not give up hope on the sector being that “it is too valuable and vital… I’m convinced that there is great potential for Guyana’s sugar industry.”
Rohee also lauded the almost five per cent economic growth in the country. He said that his party commends the government, more particularly, the Ministry of Finance for its good stewardship of the economy and for ensuring that the fundamentals of the economy are maintained.
“Among these are macroeconomic stability, stable exchange rates, low inflation rates, strong foreign exchange reserves and low interest rates, all of which are indicative of fiscal discipline and sound monetary policies on the part of the administration.”

 

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