Financial statements for GGB, GEA and MARAD to be laid in Parliament

DPI, GUYANA, Thursday, July 20, 2017

The Audited Financial statements for the Guyana Gold Board (GGB), Guyana Energy Agency (GEA), and Maritime Administration Department (MARAD) have been submitted to Cabinet.

This is according to Minister of State Joseph Harmon, who briefed media operatives at a post Cabinet press briefing this morning. Minister Harmon said Cabinet has “approved the statements to be laid in the National Assembly”, which is required by law.

Minister of Natural Resources, Raphael Trotman presented the annual report and audited financial statements for year 2016 of the Guyana Gold Board.

The GEA’s audited financial statement for 2015, has also been submitted to Cabinet.  Audited financial statements for 2004 and 2005 for MARAD were also presented to Cabinet by the Minister of Public Infrastructure David Patterson. Cabinet has approved for them to be laid in the National Assembly as required by law the Minister of State noted.

The Guyana Gold Board was established on May 15, 1982 to manage the business of trading gold in Guyana. The Board purchases and sells gold within Guyana and abroad, and is an agency under the Ministry of Natural Resources.

GEA is a unit under the Ministry of Public Infrastructure. They are responsible for renewable energy in Guyana. MARAD operates in accordance with the International Maritime Organization (IMO) and was established and regulated in 2003 under the 1997 Merchant Shipping Act. It is a unit under the purview Ministry of Public Infrastructure.