THE Private Sector Commission (PSC) of Guyana has expressed strong support for the government’s innovative initiatives focused on digitalisation and modernisation, as outlined by President, Dr. Mohamed Irfaan Ali in his address to Parliament on October 10, 2024.
The PSC views these transformative projects as crucial steps towards bridging the digital divide, enhancing the ease of doing business, and promoting the growth of the private sector.

Notably, the government’s investment in Information and Communication Technology (ICT) hubs across hinterland and riverine areas, funded by the Guyana REDD+ Investment Fund, stands out as a significant commitment to digital inclusion and the empowerment of indigenous communities.
With the construction of 141 hubs and plans to expand to 200 communities, the government is ensuring that students and residents in remote areas have access to essential online resources, thus boosting educational and economic opportunities.

In addition to this, the PSC commended the launch of the Electronic Planning and Development Single Window System, which signifies the government’s dedication to modernising the planning and construction processes.
This new system is expected to enhance transparency and efficiency, significantly reducing waiting times for planning applications and further bolstering Guyana’s appeal as a prime destination for investment.

The PSC believes that this innovation will strengthen private sector confidence by facilitating faster project approvals and driving economic expansion.
The commission also acknowledged the landmark initiative of building Silica City, envisioned as a model for smart, sustainable urban development.

This project is poised to enhance Guyana’s global profile while providing essential infrastructure to meet the demands of a rapidly expanding population and economy.
“The PSC is eager to collaborate with the government to realise this vision, confident that it will attract both domestic and international businesses, create jobs, and foster innovation,” the commission said.
It also welcomed recent fiscal measures designed to improve the standard of living for all Guyanese.

Initiatives such as tax incentives, investments in healthcare, education, and social services, as well as bold steps to reduce electricity costs and eliminate bridge tolls, are vital for creating a more competitive business environment and enhancing consumer spending.
The focus on digital education and free university education will equip the workforce with essential skills for Guyana’s future industrial development. The PSC said it is committed to working closely with the government to ensure the private sector continues to play a meaningful role in Guyana’s sustained growth and modernisation.