Govt admits State-owned entities struggling to stay afloat
– Guyoil to get new CEO soon
The Government has admitted that a majority of State-owned entities like the Guyana Oil Company (Guyoil) were struggling to stay afloat last year in terms of profitability and earnings and a new Chief Executive Officer (CEO) would be appointed to head the downsized company.
This disclosure was made by Finance Minister Winston Jordan, who was speaking during a recent press conference. Zeroing in on Guyoil, Jordan related that the performance left more to be desired.
Guyoil has been without a substantive CEO since Badrie Persaud was fired from
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