![]() ![]() Power is too expensive, bureaucracy is too expensive and there is too much corruption with too many hand-outs.” They’re going to Panama because it’s too expensive to operate in the Bahamas. “I was just talking to an investor the other day who is going to Panama. Government has to recognise we need to be competitive. Add more taxes, and people will be flying over The Bahamas to Barbados and Jamaica. I’m not saying it’s not necessary, but it’s added another layer to the cost and bureaucracy of doing business. “We didn’t make it easier to develop we made it more difficult. “At the moment, it’s incredibly difficult do to that and this year we’ve added another layer of complexity with the Department of Environmental Planning and Protection (DEPP). “We have to go and make it easier for locals and foreign investors,” the ORG chief argued. Voicing frustration that the Minnis administration had failed to complete energy reform during its near four-and-a-half years in office, Mr Myers said furthering improve the ease - and lower the cost - of doing business in The Bahamas needed to be a priority for the next administration. Let’s hope like hell they live up to that.” It’s up to the capacity, vision and intelligence of the people we put in power, and the courage of the people we vote in. “There’s no magic pill, and as far as I know Jesus is not getting born again to come and save us. Anyone who thinks differently is a jackass, and you can tell them I said that. The only rising tide that lifts all boats is economic growth. “For the next administration to come in and talk about raising taxes is a kop out and not the answer. ![]() “I can assure you, assure you, as sure as we’re sitting here and talking, if the next government commits to the status quo we’re in deep, deep ka ka (sic). ![]() “Somebody is going to have a real ‘come to Jesus’ moment, and I guess it is going to be this administration,” Mr Myers told this newspaper. Suggesting that much hinges on the “capacity, courage and vision” of the Government that will be elected to office on September 16, he reiterated that achieving annual economic (gross domestic product) growth of between 3-5 percent as well as “right sizing” the public sector was critical to dragging The Bahamas out of its post-pandemic malaise. Robert Myers, the Organisation for Responsible Governance’s (ORG) principal, told Tribune Business that this nation needed to tear-up “the game plan” it has been employing for the last 40 years because it is no longer fit for purpose to address a $10.356bn national debt and post-COVID economic recovery. Tribune Business Bahamas needs a “real come to Jesus moment” under the next administration to prevent its economic and fiscal woes from becoming insurmountable, a governance reformer warned yesterday. ![]()
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