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 functions of the CCAC include the following:

• to investigate complaints by agencies and consumers and determine if there has been contravention of the CFTA and the CAA;
• to take prescribed actions should there be contravention of the law;
  to eliminate anti-competitive agreements;
• to provide information to consumers on their rights and to enable them to make informed choices;
• to advise the Minister on matters as it relates to the CFTA and the CAA;
  to institute, participate in, and/or support proceedings before a Court of Law, including to bring prosecutions where the Commission deems fit.