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Presidential Committee recommends urgent and comprehensive sweeping Central Bank reforms

Muhereza Kyamutetera

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

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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 reviewâ€

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