A year later, BoU has no Governor.

 

The Late BoU Governor Emmanuel Tumusiime-Mutebile

On January 23, 2023, it marked one year since the demise of the Governor of Bank of Uganda-BoU, Prof. Emmanuel Tumusiime-Mutebile. Mutebile died at Aga Khan Hospital where he was admitted over diabetes-related complications.

Since his death, President Yoweri Museveni has not appointed a substantial economist to take up the position of Governor.

The BoU has since been steered by Deputy Governor Michael Atingi-Ego, but his leadership has been criticized despite tremendous strides taken to revive the country’s economy which was hit by Covid-19. He is criticized for a steady increase of the CBR rate from 6.5 per cent to ten percent as businesses struggle to recover from the effects of Covid-19.