The powers of the Bank of Uganda (BoU) Governor are set to be clipped if Parliament passes a private Member's Bill that seeks to amend the Constitution as a way of streamlining the management of the Central Bank.
The Constitutional Amendment Bill, 2020, was tabled before Parliament last Thursday by Igara East MP Michael Muwanda during a plenary sitting. It was referred to the Committee on Legal and Parliamentary Affairs for further scrutiny before it is read for the second time within 45 days.
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