President Irfaan Ali on Wednesday emphasised that his administration would be continually reviewing Guyana’s Local Content Act to close loopholes that could be exploited by investors.
Ali made the statement in light of the recent controversy surrounding Ramps Logistics and its efforts to acquire a local content certificate in Guyana.
Ramps Logistics, a company with 49% Trinidadian ownership and a controversial 51% Guyanese beneficial ownership, has been denied certification on several grounds but has since contended that it satisfied all of the requirements of the law.