The Microfinance State Minister, Haruna Kasolo Kyeyune told Parliament that he has alerted the president on the matter and will respond soon. He also allayed the fears of the legislators, saying all is moving on well in the Central Bank.
Members of Parliament are concerned about the
delayed appointed of Deputy Governor Bank of Uganda, saying it will cripple the
work of the institution.
The contract of the
Deputy BoU Governor, Dr. Louis Kasekende expired
on January 15th, 2020. However, the president is yet to appoint his replacement. Now, MPs note that
the absence of a substantive Deputy BoU Governor
is likely to affect the work of the central bank since he plays a critical
They argue that the work of the Deputy BoU Governor is currently being
done by directors who also perform own duties.
Igara East MP, Michael Mawanda who raised the matter says the delayed appointment of a new Deputy Governor could
impact on the bank’s policies and strategic direction.
He says those serving
in acting capacity have their own
responsibilities and cannot fully represent the
Deputy Governor. The Microfinance State Minister, Haruna Kasolo Kyeyune told
Parliament that he has alerted the president on the matter and will respond
He also allayed the fears of the legislators, saying all is moving on
well in the central Bank. Kasolo also said there is no worry since some people
are helping out of the role of the Deputy Governor.
His response didn’t go down well with the
Kasilo County MP, Elijah Okupa, who said there is a looming at the bank. Okupa explained
in the absence of the Governor, Emmanuel Tumusiime Mutebile no one will remain
in charge of the central bank.
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ruling, the Speaker, Rebecca Kadaga, said BoU is
a public institution and it’s important for the vacant positions to be filled.
61-year-old Kasekende first served as the Deputy BoU Governor
between 1999 and 2002.
He had earlier on served as director of Research
Department and Executive director responsible for research and policy in the
Central bank. He worked as the chief economist of the African Development
bank from 2006 to 2009.
He is widely seen as a possible replacement for
Governor Emmanuel Mutebile, whose contract is due to expire in 2021.