Guyana’s government remains dedicated to decisions that benefit the people, aligning with the ‘One Guyana’ initiative aimed at fostering national unity and integration. President Dr. Mohamed Irfaan Ali emphasized that the government’s focus on putting people first will continue into 2025, regardless of the upcoming elections. He assured that elections will not distract from the mission to improve citizens’ lives.

“Our strategy has always been about the people, not driven by elections or power. Winning elections is a tool to advance the welfare of the people,” President Ali stated. He highlighted the government’s commitment to staying connected with the people and developing every community.

Commenting on the ‘One Guyana’ vision, President Ali expressed confidence in its success, aiming for national unity by 2030. He envisions Guyana as a model for cultural and religious integration.

Reports indicate significant economic growth from 2020 to 2024, with expansions in both oil and non-oil sectors due to strategic investments and policies. The non-oil economy’s GDP grew by 41 percent over four years. Key sectors like agriculture, construction, and mining saw substantial growth, with agriculture expanding by 17 percent, services by 28 percent, construction by 138 percent, and mining by 153 percent.

President Ali noted that increased imports of capital, consumer, and intermediate goods are crucial for sustaining economic growth. From 2019 to 2024, imports rose by 163 percent, driven by demand for machinery, construction materials, and transportation equipment. The Bank of Guyana’s reserves grew from US$575 million to over $1.17 billion by the end of 2024, fueled by oil and gas revenues, remittances, and foreign investments.

These expansions form the foundation for a robust and sustainable economy, according to President Ali.

Source: (Caribbean News Global)

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