BOU probe has no impact on the economy

By Ssebuliba Samuel.

The bank of Uganda has expressed increasing confidence in Uganda’s economy by investors despite the ongoing parliamentary probe into sale of seven banks by bank of Uganda.

This comes at the time when senior officials including governor bank of Uganda are under serious scrutiny for alleged sale of seven commercial banks.

Speaking to media today, Dr Adam Mugume the executive director research in bank of Uganda said that Uganda’s economy has continued to thrive with no sign of instability.

He said that the exchange rate is reducing and interest rate and thus the bank do not expect any back lash from ongoing investigations.

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