Despite being optimistic about the year ahead, the aftermath of the March 2 Regional and General Elections compounded with the coronavirus pandemic have had a major detrimental impact on the manufacturing sector.
Several small and medium-size enterprises have been forced to close operations and many required a financial lifeline to stay afloat.
These comments were uttered by the President of the Guyana Manufacturing and Services Association (GMSA), Shyam Nokta, in his address at the annual awards ceremony held at State House last night. Nokta remarked that the post-elections period marred with uncertainty, proved to be a difficult time for manufacturers, and coupled with the COVID-19 pandemic only made matters worse. This all had a major negative impact on Guyana’s economy.
