An investment in Guyana opens up opportunities across SA – Dr Ashni Singh

Noting that every sector of Guyana’s economy is ripe with investment opportunities, Finance and Public Service Minister Dr. Ashni Singh told a visiting delegation from Grenada that investments in the country open up tremendous prospects for them across South America.
He made these remarks on Wednesday evening during a business dinner hosted by the Private Sector Commission (PSC) of Guyana for a visiting Grenadian Trade delegation led by its Prime Minister, Dickon Mitchell.
According to Dr. Singh, it does not matter what is being produced or supplied, there is more demand than what the country can produce.

“It doesn’t matter what you are supplying. Whether you are supplying hotel rooms or hospital beds or hot dogs and hamburgers and everything in between…there is more demand than we are able to produce today.”
He explained that Guyana is strategically positioned as a physical bridge between the Caribbean and South America, noting that currently, persons can travel from Guyana to Suriname and Brazil.
He also noted, that when the Corentyne River bridge is realised, ease of travel between Guyana and Suriname will tremendously improve and result in even more opportunities becoming available.
Similarly, he said the same will occur when the all-weather road from Linden to Lethem comes to fruition.
“An investment in Guyana opens up all of these opportunities for you,” Dr. Singh noted, adding that Guyana’s prosperity must also benefit its regional “brothers and sisters”.
“We are proud founders of the Caribbean Community and we are proud to be the seat of the CARICOM Secretariat and we take our regional obligations and our regional relationships very seriously,” the finance minister said.

He also elaborated on the country’s economic history, noting that the Guyana story is not only about oil and gas, but the discovery of oil has contributed to a remarkable acceleration in economic growth.
In encouraging the Grenadian companies to invest in Guyana, Dr. Singh expressed, “more supply of goods and services from Grenada means more competition in Guyana means better prices, means a wider range of options for anybody buying goods and services in Guyana.”
“We want more Grenadian companies to be doing business in Guyana…whether you are a construction company, whether you are in agriculture, poultry farming or production…we want you to be seeking out business opportunities in Guyana…,” he added, noting too that more Guyanese businesses should explore opportunities in Grenada.

The Grenadian PM, in his remarks, reflected on his engagements with President Dr. Irfaan Ali, expressing awe in his vision for development, not just for Guyana, but the entire region.
“He does not speak about oil and gas and energy. He speaks more about food security and about agriculture and about healthcare and about the right infrastructure for future growth and economic development and about the role of ICT and digitisation, than he does about hydrocarbons…I’m making the point to say that his focus is not on oil and gas, his focus is on recognising that the oil and gas is a means to an end, it’s not an end in itself,” Mitchell expressed.
The 25-member Grenadian trade delegation departed Guyana on Friday.