The 2021 earnings from the oil, gas, and mining sectors which were subject to reconciliation between the government and respective entities in these sectors represented 89.1% of the total incomes reported by stakeholders, the Guyana Extractive Industries and Transparency Initiative (GYEITI) disclosed in its 2021 report.
The body which seeks to promote revenue transparency in the extractive sector in resource-rich countries, in its 2021 report published on December 29, 2023, said that reconciliation of 99.6% coverage was achieved in the oil and gas sector.
A lower coverage of (69.6%) was achieved in the mining sector and the scope to improve coverage of this sector in future reports is an area which the Multi-stakeholder Steering Group (MSG) could consider, EITI recommended.
