The Bank of Uganda (BoU) is the Central Bank of the Republic of Uganda. It was opened on the 15th August 1966. It is 100% owned by the Government of Uganda but it is not a government Department. Bank of Uganda conducts all its activities in close association with the Ministry of Finance, Planning and Economic Development(MoFPED). Bank of Uganda is responsible for the formulation and implementation of monetary policy as well as regulating & supervising financial institutions.
Mission of Bank of Uganda
To Promote Price Stability and a Sound Financial System in Support of Socio-economic Transformation in Uganda.
Vision of Bank of Uganda
To be a centre of excellence in upholding macroeconomic stability.
Location of Bank of Uganda
Bank of Uganda Headquarters is located on Plot 37/45 Kampala Road. The Bank has 9 branches headed by Branch Managers in Kampala, Jinja, Mbale, Gulu, Mbarara, Kabale, Fort Portal , Arua and Masaka towns.
Management of the Bank of Uganda:
The Board of Directors is responsible for overall management of the Bank. It is appointed by the President of the Republic of Uganda and is composed of:
1) The Governor and Chairman of the Board,
2) The Deputy Governor and Deputy Chairman of the Board,
3) Not more than 5 other members.