Although the sugar industry is showing signs of recovery, President Dr. Irfaan Ali has warned that he will overhaul the Guyana Sugar Corporation’s (GuySuCo) management if the current leadership fails to deliver results commensurate with the heavy investments being made in the sector.
“Sugar is far from where we want it to be. But we are seeing signs of recovery, not at the pace at which we want that recovery. Let me be very clear: If the managers in GuySuCo can’t deliver to us next year, from the investment we are putting in GuySuCo, we will have to find a new management system to give us the type of results that we are investing to get,” the Head of State noted.
“There is no shortcut. I want to be clear as your president. We must get the results we’re investing for,” he emphasised during the opening of GuyExpo on Thursday evening.
Sugar production expanded by 136.7 percent in the first half of 2025, according to the midyear report 2025.
The report noted that GuySuCo produced 15,954 tonnes of sugar in the first crop of this year, compared with 6,739 tonnes during the same period in 2024.
According to President Ali, “while sugar is not yet out of the woods”, there will soon be an announcement of an exciting partnership within the industry.
“I’m very pleased to learn of a partnership that will see local and international investors coming together and investing in a sugar refinery here in Guyana,” he said, noting that details of the initiative will be revealed before the end of this year.
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