Bank of Uganda and Parliament should engage regularly – Speaker


Parliament Speaker, Rt. Hon. Rebecca Kadaga has called for more interaction between the Central Bank and parliamentary committees on financial issues.

While speaking at a sensitisation workshop organised by Bank of Uganda for Members of Parliament under the theme “Macroeconomic Management and the Role of Bank of Uganda”, Kadaga said that such interactions were greatly beneficial to legislators.

“Members have been grappling with issues of monetary policy; regulation of the financial services sector; rising interest rates, inflation rates, and fluctuating exchange rates; and how the rate of growth of the economy is determined,” Kadaga said.

She further said, “the new budget cycle is about to start and the Members will be participating for the first time in the budgeting process so this interaction will be very helpful.”

Kadaga appealed to MPs to consume the outputs of the seminar with enthusiasm and use the information provided for the benefit of Parliament and the country at large.

The Governor Bank of Uganda, Emmanuel Tumusiime Mutebile said that the team from Bank of Uganda was available to interact with the MPs on matters concerning macroeconomics management in the country.

“We want to hear your views on Bank of Uganda’s role, the theme and other issues of interest,” Mutebile said.

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