EDITORIAL: Too much power in too few hands; BoU urgently needs overhauling

Last week, Bank of Uganda’s reputation hit a new low, following the release of a special audit report by the Auditor General into the Central Bank’s misconduct as it seized and wound up a total of 7 banks, between 1993-2017. The report that was ordered by Parliament’s Committee on Commissions, Statutory Authorities and State Enterprises (COSASE), lifts the veil off the largely secretive B