Manufacturing sector struggling…President wants banks to step in, lower borrowing rates

President Ramotar addressing Wednesday evening’s GMSA 50th Anniversary Dinner at the Pegasus Hotel.

President Donald Ramotar has conceded that there has been a decline in the performance of the manufacturing sector, pointing to the continual fall in the sector’s contribution to the country’s Gross Domestic Product (GDP) over the years.

In a brief address at Wednesday night’s gala dinner at the Pegasus Hotel to mark the 50th Anniversary of the creation of the Guyana Manufacturing & Services Association (GMSA), the President conceded that manufacturing, these days, was on virtual ‘life support’. However, some guests noted, the President made no mention of any plans the government might have to try to turn the ailing sector around.

Wednesday evening turned out to be a night of mostly reminiscences as neither