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The People’s Progressive Party (PPP) government of Guyana boasts a remarkable 49% GDP growth, a statistic that might suggest a country on the verge of prosperity. Yet, beneath this facade of economic success lies a reality quite different from the glossy picture painted by the government. Vice President Bharrat Jagdeo recently offered the prospects of 3,000 low-wage hotel jobs as evidence of progress, a pathetic attempt to distract from the harsh truth of Guyana’s economic landscape. These jobs, born from questionable investments in the hotel industry, do nothing to address the fundamental issues plaguing the nation.
Instead of genuine economic development, the government resorts to manufacturing demand for hotel rooms by organizing an endless series of pointless conferences, each one more irrelevant than the last. To fund these charades, the government pressures companies into providing exorbitant sponsorships, leveraging fear over fair practice. This isn’t economic growth; it’s economic manipulation. It creates a veneer of activity while the underlying economy remains stagnant, offering no real benefit to the average citizen.
Meanwhile, corruption runs rampant across the nation, and it’s not just a whispered rumor anymore. The U.S. State Department’s list of individuals under investigation and those facing visa sanctions reads like a who’s who of Guyana’s prestigious business institutions, including the Georgetown Chamber of Commerce & Industry (GCCI) and the Private Sector Commission (PSC). This is a clear indication of how deeply embedded corruption is within the fabric of Guyana’s so-called business elite. When the very institutions that should be driving economic development are instead embroiled in corruption, it’s clear that the nation is being steered in the wrong direction.
While the government celebrates its GDP figures, the reality for most Guyanese remains grim. An appalling 95% of students fail to pass five subjects at the CSEC level, and half of the country lives on a mere $5.50 a day. These are a damning indictment of a government that has utterly failed to translate economic growth into tangible benefits for its people. Meanwhile, inflation, over the past two years, for essential goods has soared by more than 50%, a clear indication of hyperinflation, where prices rise uncontrollably and the value of money plummets. This is essentially a humanitarian disaster in the making, yet the masses remain silent.
Even the so-called “pay raise” for teachers is nothing more than a cruel joke. A 10% increase in salary might sound substantial on paper, but it is woefully inadequate in the face of runaway inflation that continues to erode purchasing power. How can educators, the backbone of any nation’s future, be expected to survive on wages that are rapidly losing their value? This is not a raise; it’s a sleight of hand, a cynical ploy designed to placate without providing any real relief. Thankfully, teachers are not buying the deception.
So, when Bharrat Jagdeo presents 3,000 new hotel jobs as a triumph, it is nothing more than a smokescreen. These jobs represent 3,000 more people struggling in an oil-rich economy that was supposed to lift all boats but has instead enriched only old money and PPP’s friends, families and favourites. This is not progress—it is a betrayal of the Guyanese people.
The PPP government must confront the reality that its current path is unsustainable and deeply damaging. The gap between its claims of economic growth and the everyday experiences of its citizens is vast and growing wider with each passing day. Unless there is a drastic shift towards transparency, investment in education, genuine wage increases, and a concerted effort to combat inflation and corruption, Guyana’s supposed economic miracle will remain a cruel mirage, disappearing the closer you try to get.
