A private sector mired in self-doubt

Rawle Lucas is a Guyanese-born Certified Public Accountant and Assistant Vice President of the Lending Services Division. 

Mr. Lucas has agreed to serve as a columnist with the Stabroek Business and will be contributing articles on economic, financial and development matters.

By Rawle Lucas

Value Added

Despite the noticeable hustle and bustle in the downtown streets of Guyana, at the airport, at the wharf, and at the shops and bars across the capital city and the countryside, the private sector in Guyana (everything except government and sugar) appears to be mired in self-doubt and political uncertainty.  Projections of the private sector performance in the 2008 budget of the administration differ from the experience displayed by many parts of the private sector over the last 5 to 10 years.  It is not easy to obtain up-to-date and substantial information directly from most private businesses in Guyana except from the few companies that prepare and release information in their annual reports.  Those companies should be lauded, if only, for continuously fulfilling their reporting obligations.