The Minister of Finance Matia Kasaija has revealed that government is now ready to take action on the recommendations that were made in the Bank of Uganda probe report by the Parliament’s Committee on Commissions, Statutory Authorities and State Enterprises (Cosase).
Cosase under the stewardship of Abdu Katuntu made the recommendations in February this year after months of quizzing BoU top officials over the closure of seven commercial banks.
The report pinned several central bank officials for committing a number of irregularities while going about the closing of the said institutions.
Speaking to Daily Monitor on Wednesday, Kasaija said that after Parliament adopted the Cosase report, he tasked the central bank to examine the findings and recommendations and make a report showing what actions they would take internally.
He said BoU sent him a report and the ministry is now ready to take action.
“We are moving, but I cannot give you the whole detail. We have received a report from Bank of Uganda showing the actions they have taken. But I cannot give you details on these actions too. The report was sent to me about three days ago,” The Minister told the local daily.
Early this year, Prime Minister Ruhakana Rugunda assured Parliament that the recommendations made by the committee were to be implemented without compromise.
“The government of Uganda is strongly in support of Parliament’s work and in this case the work done by Cosase. We have given an assurance that all recommendations of the committee if adopted by Parliament, shall be taken up.”
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