Editorials

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Direct Cash Transfers to Citizens Would Contribute Greatly to Economic Growth

Guyana started pumping oil in late 2019, and to date (January 2023) has earned more than US$2 billion from oil revenues and royalties. That translates to roughly GY$420,000,000,000.00. This breaks down to roughly GY$525,000 per person using the generous population estimate of 800,000. Production data produced by the Ministry of Natural Resources show that Guyana recorded its highest output level in November 2022, reaching 389,000 barrels of oil per day. But production rate is climbing and Guyana is projected to produce more than 600,000 barrels of oil in 2023.

Editorial: Reviving Guyana’s Clay Brick Industry

The clay brick industry in Guyana by no means derives its merits from boycotting Trinidadian industries, nor does it seek to blow cement and cement blocks completely out of the water. But what it will do though, is give the cement block a good run for its money on the basis of the superiority of clay bricks over cement blocks, and the fact that producing them locally will strengthen Guyana’s economy.

World’s Strongest Currencies

The Guyana Dollar presently stands at about 210 Guyana dollars to 1 US dollar, but all of that is about to change. With increasing oil exports, the strength of the Guyana dollar is expected to climb against the US dollar. Assuming that the economy is managed well, the Guyana dollar has the potential of becoming stronger than the US dollar in less than 10 years.

Editorial: Civilians Must Show Respect to the Police and Vice-Versa

Police have a difficult task: contending with bandits, murderers, thieves, and lawbreakers and troublemakers in general. Consequently, they are trained to be tough, to handle offensive weapons, and to survive under dangerous circumstances. In light of this, the general civilian population whom the police are paid to protect and serve must offer a high level of cooperation to the police. If the police are completely stripped of the respect which the uniform should naturally carry, then there will be an inevitable breakdown of law and order in the country.