MPs seek to limit Central Bank Governor’s powers

Two Members of Parliament have started drafting a private member’s bill seeking to amend the Bank of Uganda Act to limit the powers of the Governor and his deputy.

Michael Mawanda and Paul Mwiru say the failure by government to act on the report of the Parliaments Committee on Commissions Statutory Authorities and State Enterprises (COSASE) on seven defunct commercial banks prompted their move.


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