Latest update January 4th, 2025 5:30 AM
Dec 22, 2015 News
Government has named new Board of Directors for the Guyana Gold Board (GGB).
According to a notice published in the Official Gazette of Guyana, Government has appointed Joycelyn Williams as the new Chairperson.
John Yates is the new Deputy Chairman while General Manager of the Guyana Gold Board, Lisaveta Ramotar; Joanna Homer; Michael Somersall; Alfro Alphonso from the Guyana Gold and Diamond Association; and representative of the Bank of Guyana will be the members.
Susan Bullen will be the Secretary to the Board.
The life of the board is expected to run until November 30, 2016.
The appointment would come as the new administration moves to clean up the gold industry, which has been struggling with reports of smuggling.
Earlier this year, the industry faced tough questions after declarations tumbled and evidence emerged that significant smuggling was taking place.
Gold had been propping the country’s economy until declarations and world prices fell last year.
This year would have been worse had it not been for the new operations of Guyana Goldfields and Troy Resources, two large scale operations which have pushed declaration on a course that will see figures surpassing that of last year.
Yesterday, Minister of Governance with responsibilities for gold, Raphael Trotman, told a Parliamentary select committee that an anti-smuggling task force has been established.
It includes representatives of GGB, the Guyana Geology and Mines Commission, Guyana Revenue Authority, the Police, State Assets Recovery Unit, and the Special Organised Crime Unit.
Gold, rice and sugar have remained the top earners for the country in the last seven years.
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