The minister of Finance Matia Kasaijja has been summoned to appear before Parliament Thursday next week to explain when they have not appointed a new deputy governor of Bank of Uganda.
The Speaker issued the directive on Thursday in response to a complaint raised by MP Michael Mawanda (Igara East) who said that work at the central bank has been paralysed since the office of the deputy governor has not been filled ever since Dr. Louis Kasekende left after the expiry of his contract.
“The office of Deputy Governor, Bank of Uganda has been quite vacant for quite some time and he is the vice chairperson of the board. This is a strategic institution and I fear we may face some challenges if a position isn’t filled in the shortest time. As you know, I have been processing a bill and I asked some information but nobody was committal to answer questions,” Mawanda told Parliament.
In response, Speaker of Parliament Rebeca Kadaga said, the Minister of Finance should come and brief Parliament on which the position will be filled.
“The Minister of Finance should come and update us about the deputy governor despite resolutions to separate the management board positions, they haven’t happened but they are still bound in the old law. The minister for finance should come back next week and brief the house.”
Former Bank of Uganda deputy governor Louis Kasekende contract expired recently and President Yoweri Museveni refused to renew his contract. Kasekende is one of the top former officials of Bank of Uganda who contributed to fraudulent sale of seven commercial banks.
Latest from Earth Finds
- Rajiv Ruparelia Writes To Cabinet With Post-Covid19 Economic Recovery Proposes
- Youth Participation Key In A Green Environmentally Developed Uganda
- Uganda’s Energy & Climate Crisis Can Be Addressed Through NDCs Implementation
- Be Mindful Of Our Environment As We Decide Our Leaders
- AKSA Power Generation Is growing Rapidly In African Market