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Agri. Ministry to complete agro-processing facility as $800M allocated to subsector
Kaieteur News- The Ministry of Agriculture intends to complete one ago-processing facility this year with the aim of improving and increasing the country’s agro-processing sector.
The subsector was allocated $800M in the 2025 National Budget to continue its development.
“In 2025, one additional agro-processing facility will be completed. In addition to the agri-business hub at La Bonne Intention, another will be established at Bartica while an additional 242 farmers and agro-processors are expected to benefit from related training. Further, Government will be designing an expanded Guyana Shop to showcase products under the Made In Guyana brand, while 12 Guyana Shop spaces will be added to create 93 such spaces at shops across the country,” Minister of Finance, Dr. Ashni Singh, told the National Assembly during his budget presentation.
Minister of Finance, Dr. Ashni Singh
Dr. Singh told the House that the agro-processing sector has long been an untapped opportunity in Guyana and this was mostly because of constraints on the cost of production, which was driven by electricity.
However, this has been changing and will change faster once the electricity pricing issue is resolved.
“The private sector has been raising the bar, including several SMEs who produce world class products and are now able to access markets. Government has supported investments in value-chain development, from farming to market expansion for our agricultural produce and products,” the Minister said.
He further explained that these interventions have resulted in 869 new products being introduced into the market, over the last four years, at the Guyana Shop as well as given access to new regional and international markets.
Last year, at Crabwood Creek, another agro-processing facility was completed. This brought the total number of facilities around the country to 15, benefitting over 150 persons.
Additionally, a packaging facility and nine solar drying facilities were also operationalised with 190 farmers and agro-processors being trained.
(Agri. Ministry to complete agro-processing facility as $800M allocated to subsector)
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