Not surprising, now that money transfers out of the country is prohibitively expensive, the business folks will have to turn to buying cash which is dangerous. Maybe this is what the AFC/PNC intended, so that they can rob people carrying large amounts of cash when they could have in the past conducted an electronic transaction.

The blacklisting of Guyana will affect every single Guyanese business no matter the political persuasion even it they are neutral, many in the opposition controlled constituencies are looking at a grey business forecast, and are fully prepared to greet the APNU/AFC with cold shoulders whenever they visit to do "damage control" and refer to their sympathizers as "collateral damage".

Councie, like you just finish giving Kwamee heads up.

AFC's poster Mitwah, is at his best, one has to excuse him, without any material given to him by GR he/she resorts to a cuss-out and exposes his very limited IQ. pity on his soul...#word of advice....Mitwah go off the computer and go read a book.

Conscience did you finish High School? You write like Retardo.

Mitwah's post is a true reflection of him and the possible things he embraces, knowledge is power, go read a book Mitwah...it will do you a world of good....seriously

Go finish high school. Are there correspondence schools or night schools for ignaramouses like you?

Knowledge is Power, Mitwah on a serious note you need to increase you knowledge I've been observing your post of recent (except those that you've copy and paste) and is of the strong belief, you're being used by the AFC, you are a mature person( at least by age) in your quiet moments reflect on your role on GNI and see if its worth it.....let you conscience be your guide....

you've became so predictable, I'm sure in your response you will resort to name calling and wanna engage in a cuss-out, consider what I'm telling you, from today don't allow the AFC to control you, post from you conscience.....

It is said that mitjuanita was molested as a young boy by one of his uncles. Now it is not surprising that he became a pedophile preying on the young just as he was preyed upon so many years ago. 

Ramroop admits to having items recorded as already delivered to GPHC

Bharrat Jagdeo’s best friend Dr. Ranjisinghi ‘Bobby’Ramroop, who owns New Guyana Pharmaceutical Corporation (GPC), has lashed out at the Auditor General of Guyana over the discrepancies raised in his 2012 reports. Ramroop yesterday accused the Audit Office of “sloppy fieldwork by junior officials in the Office of the Auditor General.” But the Auditor General found among other things that there were several million dollars worth of drugs still to be supplied by Ramroop. These drugs were part of the more than US$15M worth of drug contracts Ramroop received from the Ministry of Health and the Georgetown Public Hospital Corporation (GPHC).

Dr. Ranjisinghi ‘Bobby’ Ramroop

Ramroop admitted this and called on the Ministry of Health and GPHC, “to remove its goods from the corporation warehouses as soon as possible.” In seeking to explain the non supply of the drugs, Ramroop has also conceded that the New GPC is still currently storing a very large volume of items for the Ministry and GPHC which New GPC recorded as delivered. Ramroop said that Contracts, particularly the larger orders, sometimes overlap from a consumption point of view into the following financial year. Hence, it is not unusual that some items are not collected by the Ministry at the end of the fiscal year. However, it is unusual that these items would be recorded by New GPC as delivered. He said that national budgets are approved some time between March and July and hence the quantities being ordered sometimes cater for this overlap. But for more than a decade the budget has been presented in February. Ramroop said that the Ministry receives goods based on their own pre-determined consumption pattern and that means deliveries are staggered throughout the year. Ramroop also claims that contracts are signed at different times during the year, and so for those signed in the later months, deliveries are actually intended to roll over into the following year. On the matter of bank guarantees raised by the Auditor General, Ramroop claims that they are not meant to be valid for the original sum throughout the life of the contract. “As deliveries are made, the risk is obviously decreasing and hence a bank guarantee can be, and is, often renewed for a lesser amount.” In attempting to discredit the Auditor General, Ramroop said that the report appears to have been compiled on the basis of simplistic interactions with junior and non-technical personnel within the Ministry and GPHC administrations and does not take full cognisance of the nature of the supply chain process for pharmaceuticals and related products and the environment in which we operate. Speaker of the National Assembly, Raphael Trotman, made the report public this past week and it has revealed that Ramroop’s New GPC received in excess of $3B to supply drugs to the Ministry of Health and the Georgetown Public Hospital Corporation (GPHC). Another $1B was spread across more than a dozen local and international companies.

Auditor General Deodat Sharma

Ramroop received the largest chunk of the drugs purchased by Government last year and according to the Auditor General, this was done based on the fact that he was pre-qualified since 2010. This means that in 2010, Ramroop’s New GPC would have been selected to supply drugs to Government without having to go to public tender until that prequalification status expires. Between the Ministry of Health and GPHC, the government spent just over $4B in drug purchases last year.