The Katuntu-led committee has recommended several sweeping changes both at BoU and in the laws setting up the central bank so as to align it with the constitution and improve accountability as the scandal prone central institution
The majority of the senior staff members interviewed by the committee said there were factions or cliques in the Bank polarized around the positions of the Governor and the Deputy Governor. A committee appointed by President Yoweri Museveni to study several complaints made to the Inspectorate of Government and Parliament about Bank of Uganda, has recommended “urgent and comprehensive review

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About the Author

Muhereza Kyamutetera is the Executive Editor of CEO East Africa Magazine. I am a travel enthusiast and the Experiences & Destinations Marketing Manager at EDXTravel. Extremely Ugandaholic. Ask me about #1000Reasons2ExploreUganda and how to Take Your Place In The African Sun.

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