Finance Ministry backs off UGX481 billion questionable BoU recapitalization

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When the Ministry of Finance tabled the Budget Framework Paper (BFP) for the Financial Year 2021/2022, there was one item that raised alarms with most of the Members of Parliament sitting on the Budget Committee. It was an item concerning plans by the government to inject UGX481 billion into the Bank of Uganda as a recapitalization fund. However, while appearing before the MPs, the Bank of Ugan