AGP Executive Report
Last update: 10 hours agoElectricity & Cost Relief: Guyana’s power crunch is worsening as El Niño pushes demand to a record 242.64MW, with officials warning blackouts may persist until grid fixes are completed; the Wales Gas-to-Energy project is now expected to deliver 57MW by year-end, but the promised 50% light-bill reduction won’t start until the plant reaches higher output (228MW). Land Regularisation: Government is advancing land regularisation in Regions 2, 4 and 5, setting up a coordination team to drive investigations and move toward issuing transports/certificates of title, with work expected to conclude by end-August 2026. Oil & Local Spend: ExxonMobil says it has spent over US$3.6B with local companies since 2019 and involved more than 2,000 Guyanese suppliers, urging deeper participation higher up the supply chain. Finance & FX Liquidity: A financial analyst argues Guyana’s foreign currency issue is not a “shortage” but a liquidity/market problem, calling for stronger financial market infrastructure and interbank trading. Mobile Money Fees: Consumers complain about extra MMG agent charges on deposits; MMG says the additional fees are not authorised and its fee structure hasn’t changed. Hospitality Investment: Atlantic Suites Hotel is set to convert to a Hyatt Regency by 2028 under a roughly US$50M development plan. Regional Courts: The CCJ president issued a statement rejecting allegations of misconduct and panel fixing, while the court faces wider public scrutiny. Sports (Business Angle): CPL’s “zone of death” T10 Tapeball Blast kicks off today, with Guyana’s regional teams chasing playoff spots.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.