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COMMENT: Danger in Bank of Uganda probe

Some information; especially in the finance sector needs to be treated as a genie in a bottle, for once it is released, it will cause instability. Much as we seek answers, we should not sacrifice economic stability at the altar of publicity. COSASE can still get to the bottom of the alleged rot at BoU behind closed doors without risking a financial and economic crisis. This can only be achieved by a closed door, in-camera probe where the committee comes up with resultant report and recommendations. This procedure would control information outflow, sieving out the potentially dangerous data without compromising the spirit of the investigation.

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Simon Mutungi is a PhD candidate (Banking and Finance) at the University of Cape Town.

Contact: shakamara@gmail.com

One comment

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