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Governor Mutebile Comments About his 'Failing Health'

The question was in relation to reports in todays copy of The Red Pepper claiming that the Governor was seriously ill and living off a life-saving machine. Governor Mutebile, in his usual candidness, retorted that as all and sundry could see he was well. He faulted the The Red Pepper for trading in falsehoods.
BOU governor Tumusiime Mutebile

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The Bank of Uganda Governor Emmanuel Tumusiime-Mutebile has for the first time publicly spoken on his alleged “failing health”.

While fielding questions from journalists after announcing the Monetary Policy Statement for October 2016, Governor Mutebile was asked pointedly to comment on his health situation.

The question was in relation to reports in today's copy of The Red Pepper claiming that the Governor was seriously ill and living off a life-saving machine.

Governor Mutebile, in his usual candidness, retorted that as all and sundry could see he was well. He faulted the The Red Pepper for trading in falsehoods.

//Cue in: On my health …

Cue out: … it to them."//

The health of the Governor has been corridor talk for a while, especially after he was hospitalised in South Africa early last year.

But since then, he has been performing his duties and functions well, even attending rigorous events like public dialogues.

Governor Mutebile is highly revered and is credited for the prudent and effective monetary policy performance in Uganda.

The world over, central bank governors are so important and crucial to the extent that their health situations are very sensitive, even affecting the performance of stock markets, the economy and even politics.

In the United States, for example, any word from the former Chairman of the Federal Reserve Alan Greenspan was closely watched, earning him the phrase “If Greenspan Sneezes, the Wall Street Catches a Cold”. The Wall Street is the United States biggest stock market.

The US and global markets would react either positively or negatively before, during and after any pronouncements by Greenspan.

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