The Speaker of Parliament, Rebecca Kadaga has written to President Yoweri Museveni informing him that parliament under the appointments committee which she chairs had cleared Dr. Michael Ating-Ego as Deputy Governor of Bank of Uganda.
“Reference is made to your letter addressed to me, Ref: PO/19 dated March 18, 2020, in which you forwarded the name of Dr.Michael Ating-Ego for parliamentary approval as Deputy Governor, Bank of Uganda” Kadaga wrote.
She added “Pursuant to Article 161 of the Constitution of the Republic of Uganda and the rules of procedure of the Parliament of Uganda, the appointments committee of parliament has interacted with the above named person and found him suitable and therefore, approved his appointment as Deputy Governor Bank of Uganda”.
President Museveni on March 29, 2020 appointed Dr. Ating-Ego to replace Dr. Louis Kasekende. Museveni also forwarded the details of Dr. Atingo-Ego to parliament for vetting.
Just days before Dr. Ating-Ego was appointed, Mr James Kahooza, a board member at Bank of Uganda had appointed Adam Mugume in acting capacity to replace Dr. Louis Kasekende whose contract ended in January.
Dr. Atingo-Ego is a former director of Research at Bank of Uganda before he joined the International Monetary Fund (IMF).