Bank of Uganda headquarters in Kampala. The committee’s initial hearings have been dominated by intense grilling from legislators over the quality of BoU’s handling of bank closures. PHOTO FILE | NMG
An ongoing Parliamentary probe into the closure of seven commercial banks in previous years by the Bank of Uganda is raising questions about the state of monetary policy management and the health of Ugandan banks.
The investigation by the Parliamentary Committee on Commissions, Statutory Authorities and State Enterprises cast doubt on transactions and conduct in BoU’s bank supervision unit.
