The decision by the directors of the Sheriff Group of Companies to invest in the ancient county of Berbice is in support of President Dr. Irfaan Ali and Vice President Dr. Bharrat Jagdeo’s vision for Berbice with the creation of a stadium, deep water port, refinery and ongoing oil exploration in the Canje block.
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During a State House event in July, 2022, President Ali boasted about the immense benefits that the Government’s Gas to Energy Project will bring to the citizens of Guyana, South America. The President explained how the Gas to Energy Project will reduce cost of living for citizens of Guyana, saving them collectively an estimated GY$27 billion annually which can be used for other commodities or savings.
One Guyana Dollar is currently valued at around 210 US dollars. Guyana’s currency is weak because of numerous factors, but one of the most influential of those factors is the low GDP that the country produced over the last several decades. However, Guyana’s financial windfall from oil revenues now enables it to have a much stronger currency.
I was extremely disappointed to hear our president referring to sugar as a “curse.” The same sugar that put food on the table for so many Guyanese families for centuries. The same sugar which enriched and sweetened the lives of so many people. The same sugar that laid the foundation for so many other industries, and created so many millionaires out of all races, classes, and conditions.