Time for a reset of economic strategy

Oct 28, 2026 Features / Columnists, Peeping Tom

(Kaieteur News) – Guyana’s economic gurus would do well to put aside, if only for a moment, their celebratory charts, their impressive growth statistics, the glossy Article IV IMF reports and their seemingly inexhaustible supply of reasons why everything is proceeding according to plan, and pay serious attention to the sobering analysis recently undertaken by Dr. Ramesh Gampat on the structural state of the Guyanese economy.

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The report is entitled, “Guyana’s Oil Economy: Structural Challenges and Policy Responses , 2020-2026” and was recently highlighted in the Guyana Business Journal Magazine, October 2026. For beneath the dazzling claim of the world’s fastest growing economy and surface of beyond the familiar chorus of self-congratulation lies a question that deserves far more searching scrutiny than it has received: Is Guyana transforming its economy, or merely growing richer from the extraction of a resource that has yet to transform the productive foundations of the country?