GUYSUCO NEEDS $1.6B TO STAY ALIVE FOR THE NEXT FOUR MONTHS - MIN. MUSTAPHA | Guyana Community Discussion Forums

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September 28, 2021

I am very optimistic that Guysuco will turn around”- says Minister of Agriculture Zulfikar Mustapha. This optimism comes more than a month after it was revealed that the Guyana Sugar Corporation would need $1.6B to stay afloat over the next few months. Amel Griffith filed this report

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Billy Ram BalgobinBilly

That's no kind of money given the benefits that the nation gets from this industry. Send the money quick! Sugar price is almost $.20 per lb. on the world market.

DjangoAdmin

@Billy Ram Balgobin posted:
That's no kind of money given the benefits that the nation gets from this industry. Send the money quick! Sugar price is almost $.20 per lb. on the world market.

GUYSUCO received billions since August 2020

TotaramSenior Member

What happened to the turnaround expert at GUYSUCO? Wasn't he supposed to make the company profitable?

cainTired old hippie

He need four months more to turn things around, they must figure by then they should be able to come up with another excuse and ask for lil mo time....and lil mo money.

MitwahSenior Member

Sugar is dead. Post mortem can't bring it back. Why throw good money after the bad?

SpugumJunior Member

2020 GuySuco got 9 billion

2021 so far 4.1 billion

MitwahSenior Member

Guysicko is like a blood sucking parasite.

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