Going forward, we will continue to partner with you on inclusive democracy, economic development, and citizen security for all Guyanese, and to promote the public values of – transparency, diversity, equity, inclusion, and accessibility – values that inform policies reflecting good governance and a participatory democracy where all voices are heard.
U.S. Ambassador Sarah-Ann Lynch
Ramps Logistics Guyana Inc., a company that provides support services to the oil and gas sector, was denied certification under the recently passed local content legislation. This was because of its alleged failure to provide accurate information to the Local Content Secretariat in addition to not meeting the requirement of 75 percent Guyanese on its board of directors. Up to three months ago, the company was 100 percent Trinidad-owned but has divested 51 percent of its shares to a Trinidadian who was granted Guyanese citizenship. According to media reports, the authorized share capital of the company is 100 ordinary shares of G$1 each, while the issued share capital is US$1,960,680. However, no evidence was presented to the Secretariat of any amendment to the Articles of Incorporation to increase the authorized share capital.
