Excess liquidity continues to plague banking sector …Chief Executive Officer

Chief Executive Officer of the Guyana Bank for Trade and Industry (GBTI) Radhakishore Sharma is upbeat about the immediate future of the Guyanese economy despite the impact of rising oil and food prices and a high inflation rate.

Sharma noted that the local inflation rate had risen to 13.5 per cent in September last year as compared with 4.45 per cent in September 2006. “In looking at 2008, however, we expect that ongoing national projects including the construction of the Berbice and Takutu  river  bridges and the Skeldon Sugar Modernisation Project in addition to other investment activity in oil exploration should redound to the benefit of the economy in 2008.”