KAMPALA – After Saturday’s Cabinet reshuffle, President Museveni is expected to ring more changes in key government agencies, ministries and departments, PML Daily has learnt.
Sources close to the power centre have told this website that Bank of Uganda (BoU) is one of the areas expected to experience changes, with Governor Emmanuel Tumusiime-Mutebile and his deputy Louis Kasekende expected to be shuffled.
Sources said the President is expected to implement structural changes at the Central Bank following as a series of scandals such as the currency saga and the controversial closure of seven commercial banks.
Parliament Committee on Commissions, Statutory Authorities and State Enterprises (COSASE) that investigated into the closure of seven commercial banks by Bank of Uganda confirmed irregularities in the dissolution of banks, exposed mismanagement at the Central Bank and proposed key reforms while providing wholesale recommendations against BoU officials guilty of the prevailing mistakes.
The COSASE report recommended that some shareholders be compensated for the losses. It also recommended that BoU officials (without naming them) who committed the mistakes, be held personally responsible for the mess involving the closure of the banks. The currency saga also cast a dark shadow over the central bank in May following allegations of printing of extra Shs90b and transportation of an authorised cargo on a chartered plane.
The Principal of Makerere University Business School (MUBS), Prof Waswa Balunywa, and Dr Richard Byarugaba, the managing director of National Social Security Fund (NSSF), are the front runners for the job.
At the Inspectorate of Government, the President is expected to appoint another IGG after Irene Mulyagonja was recently appointed a Court of Appeal judge.
Several reshuffles may also be made among the different permanent secretaries such that those in the Trade, Defence and Energy ministries.