BoU Deputy Governor

Members of Parliament, sitting on the Legal and Parliamentary Affairs Committee have insisted the Governor and Deputy Governor of Bank of Uganda cannot also coccupy the offices of Chairman and Deputy Chairman of the central Bank’s board. The MPs, despite, contrary views from the Central Bank itself, have stuck to their guns, saying that maintaining the statusquo, would make the governor and deputy governor accountable to only themselves, which is a flaw in corporate governance. The MPs, who include, Hon. Abdu Katuntu, who chaired the 2018/19 probe into the Central Bank by the Parliament’s Committee on Commissions, Statutory Authorities and…