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 ministry of finance, planning and economic development told Parliament that the absence of the deputy governor should be no reason for worry, adding that work at the Central Bank is progressing normally.
According to Haruna Kasolo, the state minister of finance in charge of microfinance, the Bank’s governor Emmanuel Mutebile and the board are working closely to cover any gaps that may surface as a result of the absence of the deputy governor.
“I would like to assure you and the entire country that the governor Bank of Uganda, together with the board and management are fully in charge of the bank’s affairs. There is no reason for concern about any lapse with respect to its policies and strategic direction,” Kasolo said.
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 soon.
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.
In her ruling, the Speaker, Rebecca Kadaga, said BoU is a public institution and it’s important for the vacant positions to be filled.
