No debts currently owed to GWI- CEO

There is renewed hope in the Guyana Water Incorporated (GWI) and the company’s Chief Executive Officer (CEO), Shaik Baksh said they are now capable of paying its staff, suppliers, and contractors.

This, Baksh said, is because GWI has recorded a boost in its finances.

“There is renewed confidence in GWI by all of our contractors and creditors… They all want to work with GWI because they are being paid on time,” Baksh recently told the media at a press conference.

Having previously operated with overstaffing, which cost the company millions of dollars, Baksh said there are also no debts owed to the company currently as consumers are paying their dues in keeping with the deadline.

“We don’t owe. We have 28 days for when a claim is made for works done or supplies received, and… we are meeting that deadline to pay our creditors and supplies.

“We are paying our staff on a timely basis, we have refurbished all of our offices across the country…We have built two or three new buildings…We are spending a lot of money on staff welfare, protective clothing and all of these things,” Baksh explained.

And to ensure that GWI’s payment system is functioning effectively, Baksh said he recently ordered an audit.

The stride, Baksh said, is also seeing an increase in investment opportunities with more organisations wanting to collaborate.

“The Caribbean Development Bank, the EIB (European Investment Bank), and the Japanese financial institute are all coming here and discussing loans with us because they have confidence in what GWI is going,” Baksh said.