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| The high cost of energy continues to be a deterrent of sorts for potential investors and government recognises this,Andre Tippett Patriots Jersey UK, Finance Minister Dr. Ashni Singh said yesterday.He was addressing the inaugural Guyana Investment Conference at the Guyana International Conference Centre, Liliendaal.Minister Singh said that contrary to some who opine that crime and corruption are the main disincentives to business start-ups,Matt Ryan Falcons Jersey UK, the need for cheap, reliable energy is the main factor.Finance Minister Dr. Ashni Singh“The cost of energy today, in Guyana, is acknowledged by the private sector as prohibitively high.”This issue took a back seat to crime and corruption and needed to be addressed,Donnie Shell Steelers Jersey UK, during the Investment conference,Tony Gonzalez Falcons Jersey UK, the minister said.The issue of cheaper power is one of the biggest challenges facing them,Vic Beasley Jr Falcons Jersey UK, and every business, particularly those in the manufacturing sector; cite the need for cheaper,Ra Shede Hageman Falcons Jersey UK, reliable energy to boost their success and profitability, locally and internationally.He cited the operations of Qualfon,Dave Robinson Packers Jersey UK, the largest private sector employer locally,Robert Alford Falcons Jersey UK, as an example of another challenge facing investors in the technology sector,Joe Gilliam Steelers Jersey UK, that of the bandwidth.This was another issue which was apparently overlooked during the scheduled items to be discussed at the conference hosted by the Canadian Government under the theme “Maximising opportunities for investment in Guyana”.The tremendous effort to improve the local economic performance is as a result of the collective effort of the government and stakeholders such as the private sector, the Finance Minister said. (GINA) |
