GMSA 2023 report highlights signs of incremental growth in local manufacturing sector

Ramsay Ali

A handful of the country’s longest –serving private sector entities in the manufacturing sector have been singled out for commendation by the Guyana Manufacturing & Services Association (GMSA) in its 2023 Annual Report setting out the various sectorial performances for the year just ended. The Report, made public last week, names Banks DIH Ltd and Demerara Distillers Ltd, both rum manufacturers, as making a stellar contribution to what the Report said was the G$70 billion ‘raked in’ by the manufacturing sector last year. The performances of the two companies were reportedly largely responsible for a 25 per cent increase in earnings for the sector over its 2022 earnings.