APNU+AFC govt loan of $100m to national printers failed –audit

A $100m loan from the APNU+AFC government to the state-owned Guyana National Printers Limited (GNPL)  in 2017  revealed that not only  were no interest or principal payments made  but that most of the machinery bought is either currently not working or still stored in shipping plastic, a special audit of the transaction has revealed.

It has been recommended by the Office of the Auditor General audit that the then Board be held responsible.

The report into the funds loaned to the GNPL said that three years after the monies were borrowed to purchase and upgrade machinery and repair the building, only about ten percent of the objective had been achieved.