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'Gov’t has no control over the prices on the world market'

- AG says on the increased prices for goods and commodities


Prices of goods and commodities around the world continue to increase as the Russia/Ukraine Crisis continues for over two weeks now.

The current crisis in Ukraine.

This has not only affected the world but Guyana as well since almost everything is imported and the cost for shipping has increased.

Citizens are now feeling the impact of the increased prices.

Coupled with the increased prices, rice farmers in Guyana are experiencing a reduced cost for their paddy countrywide.

These two factors have resulted in farmers and motorists staging protests calling on the Government to address the price of fuel and the price of paddy.

In light of this, Minister of Legal Affairs and Attorney General Anil Nandlall during his television programme “Issues in the News” said the Government has no control of the increased prices or reduced prices for paddy.

Minister of Legal Affairs & Attorney General, Anil Nandlall.

“The Government can’t regulate the price that the millers for example purchase the paddy at unless the Government is to impose price tariffs and impose a pricing regime.”

According to the Attorney General, the Government has the power to impose price control on the business community but will not.

“It’s not that we can’t do it, we don’t wish to move in that direction, that’s not the style of Government to which we are committed or which we would like to practice.”

The Attorney General is appealing to citizens to understand the situation that is being experienced worldwide.

“So, it’s a work in progress and we appeal for understanding, we appeal for people to appreciate the difficult task that the Government is currently facing.”



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