Governance and Organisation of the Bank

  Governance of the  Bank of Uganda

According to Article 161 of the Constitution of the Republic of Uganda, the authority of the Bank of Uganda shall vest in a Board which shall consist of a Governor, a Deputy Governor and not more than five other members.

The Governor and Deputy Governor ;

  • Are appointed by the President with the approval of Parliament.

They serve a five year term and are eligible for re- appointment.

The office of Governor and Deputy Governor shall each be a public office and the Governor and Deputy Governor shall respectively be Chairperson and Deputy Chairperson of the Board of Directors.

The Governor, the Deputy Governor or any other member of the Board may be removed from office by the President  for:

  • inability to perform the functions of his/her office arising from infirmity of body or mind
  • misbehaviour or misconduct; or
  • incompetence


  Organisation of the Bank of Uganda

The Board has vested the management and administration of the bank in: 

  1. Board Committees 
  2. Management Committees
  3. Functions and Departments

 

 

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INFLATION RATES

Annual Inflation Rates
  Jul 2010 Aug 2010
Headline 3.2 1.7
Core 4.6 4.0
Energy, Fuel, Utilities 1.3 1.8
Food Crop -2.5 -9.2
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INTEREST RATES

Financial News Report
  25/08/10 01/09/10
Rediscount Rate 7.62 7.62
Bank Rate 8.62 8.62
T/Bills (91 days) 4.83 4.83
T/Bonds (2 years) 8.29 8.29
T/Bonds (3 years) 9.13 9.13
T/Bonds (5 years) 9.41 9.41
T/Bonds (10 years) 10.78 10.78
Commercial Bank Rates
  Rate Effective Date
Lending Rate (Shs) 20.06 June 2010
Deposit (WARD) Rate (Shs) 1.87 June 2010
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EXCHANGE RATES

September 06, 2010
Currency Buying Selling
USD 2,245.19 2,255.43
GBP 3,466.57 3,482.38
EURO 2,888.21 2,901.39
KSH 27.81 27.94
TSH 1.52 1.53
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