New BoU Governor vows to fight money laundering
Newly appointed Bank of Uganda Governor, Dr. Michael Atingi-Ego, has pledged to combat money laundering and stabilize the country’s currency.
He made the remarks to the media at Parliament on Tuesday, shortly after being vetted by the Parliamentary Appointments Committee, chaired by Speaker of Parliament Anita Among.
Dr. Atingi-Ego stated that he will ensure all bank systems are protected and strengthened to fight money laundering. He also promised to ensure the country’s currency remains stable, especially during the coming financial year, and to stabilize inflation.
“We think that in 2025, inflation is going to be between 4 and 5 percent and this is consistent with the growth target that we are looking at,” he said.
Meanwhile, Deputy Governor Augustus Nuwagaba noted that they will address the low financial depth and encourage faster money transfers, which will help boost the country’s economy.