Competition and Consumer Affairs Commission
Demerara-Mahaica
Overview
The Competition Commission of Guyana was established under the Competition and Fair Trading Act (CFTA) of 2006. Thereafter, the Consumer Affairs Act (CAA) of 2011 was established, mandating in Section four (4) that: The Competition Commission established by section 5 of the Competition and Fair Trading Act 2006 is renamed the Competition and Consumer Affairs Commission. Originally, the Agency was named the Competition and Consumer Protection Commission. However, the National Competitiveness Council suggested that the Agency be renamed to Competition and Consumer Affairs Commission (CCAC), so as to encompass a broader scope and maintain regional and international standards.
In August 2009, a decision was taken by the National Competitiveness Council to merge the Competition Commission with a Consumer Affairs Commission, in keeping with international and regional best practices. This merger was completed with the passing of the Consumer Affairs Act (CAA) in September 2011.
The National Competitiveness Strategy Unit (NCSU) applied for and received grant financing from the Caribbean Development Bank (CDB)-administered CART Fund to establish and operationalize the Secretariat of the CCAC. On January 5, 2010 the Government of Guyana and the CDB signed a CART Fund Grant Agreement (No. 21/GUY) Establishment of the Competition and Consumer Affairs Commission of Guyana. The amount of financing provided by the Grant was USD $742,225. The objective of the project was to assist in strengthening the regulatory and institutional frameworks on competition in Guyana to ensure effective and sound competition policies and rule of enforcement. This was to ensure that trade liberalization benefits to be gained by Guyana from the CARICOM Single Market and Economy (CSME), Economic Partnership Agreement (EPA) and other trade processes are not undermined by the anticompetitive behaviour of firms.
In January 2010, the Government of Guyana allocated office space for the Commission's Secretariat in the National Exhibition Site, Sophia. In 2011 the Commission was fully operational. The CCAC Secretariat is headed by a Director who oversees the Competition Policy Unit and the Consumer Affairs Unit as well as the administrative and finance functions of the Commission.;
In August 2009, a decision was taken by the National Competitiveness Council to merge the Competition Commission with a Consumer Affairs Commission, in keeping with international and regional best practices. This merger was completed with the passing of the Consumer Affairs Act (CAA) in September 2011.
The National Competitiveness Strategy Unit (NCSU) applied for and received grant financing from the Caribbean Development Bank (CDB)-administered CART Fund to establish and operationalize the Secretariat of the CCAC. On January 5, 2010 the Government of Guyana and the CDB signed a CART Fund Grant Agreement (No. 21/GUY) Establishment of the Competition and Consumer Affairs Commission of Guyana. The amount of financing provided by the Grant was USD $742,225. The objective of the project was to assist in strengthening the regulatory and institutional frameworks on competition in Guyana to ensure effective and sound competition policies and rule of enforcement. This was to ensure that trade liberalization benefits to be gained by Guyana from the CARICOM Single Market and Economy (CSME), Economic Partnership Agreement (EPA) and other trade processes are not undermined by the anticompetitive behaviour of firms.
In January 2010, the Government of Guyana allocated office space for the Commission's Secretariat in the National Exhibition Site, Sophia. In 2011 the Commission was fully operational. The CCAC Secretariat is headed by a Director who oversees the Competition Policy Unit and the Consumer Affairs Unit as well as the administrative and finance functions of the Commission.;
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Prohibit anti-competitive business conduct which prevents
Promote
and Promote the welfare and interest of consumers.
and commerce
maintain and encourage competition and enhance economic efficiency in production
restricts or distorts competition or constitutes the abuse of a dominant position in the market
trade
1. to investigate complaints by agencies and consumers and determine if there has been contravention of the CFTA and the CAA
2. to take prescribed actions should there be contravention of the law
3. to eliminate anti-competitive agreements
4. to provide information to consumers on their rights and to enable them to make informed choices
5. to advise the Minister on matters as it relates to the CFTA and the CAA
6. to institute
and/or support proceedings before a Court of Law
including to bring prosecutions where the Commission deems fit.
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