Halting payments to the Chinese builders of the problematic Skeldon sugar factory until its many problems are fixed as well as the lease of the Guyana Sugar Corporation’s (GuySuCo) West Demerara estates are among the solutions proffered by Accountant Christopher Ram to the crisis facing the sugar industry.
In a submission to the Commission of Inquiry (CoI) into the sugar industry, which he posted on his blog ChrisRam.net, Ram made a number of recommendations even as he noted that unless each estate is producing at the same level of efficiency and cost, then there is cross-subsidisation and the stronger estates are forced to carry the weaker ones.
“The poor performers not only use up scarce financial resources: they also take up a disproportionate amount of managerial time that could be better spent on the Estates and activities with better prospects. There should be disaggregation and their problems addressed separately,” he said.
Ram recommended that Skeldon be treated