{"id":25194,"date":"2022-01-25T22:03:10","date_gmt":"2022-01-25T22:03:10","guid":{"rendered":"https:\/\/www.africa-press.net\/uganda\/?p=25194"},"modified":"2022-01-25T21:53:22","modified_gmt":"2022-01-25T21:53:22","slug":"governor-failed-the-economy-fdc","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/uganda\/all-news\/governor-failed-the-economy-fdc","title":{"rendered":"Governor failed the economy \u2013 FDC"},"content":{"rendered":"

Africa-Press – Uganda. <\/strong><\/span>The Opposition Forum for Democratic Change (FDC) yesterday accused former Governor of Bank of Uganda Emmanuel Tumusiime-Mutebile of failing to stabilise the economy despite his expertise in economics.<\/p>\n

Addressing journalists at their offices in Najjanankumbi, the FDC party president, Mr Patrick Oboi Amuriat, said the country\u2019s interest rates remained high and the country is highly indebted.<\/p>\n

Mr Amuriat said Mutebile is partly to blame for the struggling economy and poor health services.<\/p>\n

\u201cTo explain this, the country borrows more than Shs7 trillion annually to pay salaries of government employees and to fund other recurrent expenditure. That is partly what has kept the Interest rates high, because private people are competing with government,\u201d Mr Amuriat said.<\/p>\n

Mr Amuriat cited the first cash bailout to Hassan Basajjabalaba, the then NRM chairman for entrepreneur\u2019s league, among others.<\/p>\n

\u201cWe believe Mutebile was held hostage and struggled throughout his tenure at Bank of Uganda to stabilise the Shilling he undermined by printing extra money to sustain the regime. Because of the over-hatching influence of the regime on Bank of Uganda, the economy is on drip despite being a highly-qualified personality in economics,\u201d Mr Amuriat said.<\/p>\n

He added that the country was in shock in 2019 following a scandal of an illegal currency-filled flight at Entebbe airport, which money he said was printed during the late\u2019s regime and no one has come out to explain the whereabouts of that money.<\/p>\n

Achievements<\/b><\/p>\n

Meanwhile, Mr Amuriat said the party does not under-look Mutebile\u2019s achievements, terming him as one of the most professional economists the country has had.<\/p>\n

He added that Mutebile should not have died in office, adding that the government should have relieved him of his duties while he was unwell.<\/p>\n

Mutebile died on Sunday morning at Nairobi Hospital.<\/p>\n

FDC threaten to strike over fuel prices<\/b><\/p>\n

At the same function, FDC vowed to demonstrate if the fuel prices do not stabilise by the end of next week.<\/p>\n

Mr Amuriat said the fuel crisis was introduced when government put in place Covid measures that are unsustainable. He said it was not logical to demand $30 for Covid-19 testing from truck drivers who have already been tested elsewhere.<\/p>\n

\u201cWe told the country that Museveni and his agents are treating Covid as a very big enterprise,\u201d he added.<\/p>\n

Fuel prices in the country have remained high for the last one month with the price of petrol shooting from Shs3,800 to Shs6,000.<\/p>\n

Meanwhile, the party yesterday started the internal nomination for its candidates who will participate in the forthcoming elections of the East African Legislative Assembly.<\/p>\n

dmukhaye@ug.nationmedia.com<\/b><\/p>\n

For More News And Analysis About Uganda<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Uganda. The Opposition Forum for Democratic Change (FDC) yesterday accused former Governor of Bank of Uganda Emmanuel Tumusiime-Mutebile of failing to stabilise the economy despite his expertise in economics. Addressing journalists at their offices in Najjanankumbi, the FDC party president, Mr Patrick Oboi Amuriat, said the country\u2019s interest rates remained high and the […]<\/p>\n","protected":false},"author":84,"featured_media":25193,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,8,12],"tags":[233,240,234],"class_list":["post-25194","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-homepage-english","category-policy","tag-africa-press","tag-africa-press-uganda","tag-uganda"],"yoast_head":"\nGovernor failed the economy \u2013 FDC - Uganda<\/title>\n<meta name=\"description\" content=\"The Opposition Forum for Democratic Change (FDC) yesterday accused former Governor of Bank of Uganda Emmanuel Tumusiime- ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/uganda\/all-news\/governor-failed-the-economy-fdc\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Governor failed the economy \u2013 FDC\" \/>\n<meta property=\"og:description\" content=\"The Opposition Forum for Democratic Change (FDC) yesterday accused former Governor of Bank of Uganda Emmanuel Tumusiime- ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/uganda\/all-news\/governor-failed-the-economy-fdc\" \/>\n<meta property=\"og:site_name\" content=\"Uganda\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-01-25T22:03:10+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/uganda\/sites\/34\/2022\/01\/img-61f0713c0a5e0.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"480\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/governor-failed-the-economy-fdc#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/governor-failed-the-economy-fdc\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Governor failed the economy \u2013 FDC\",\"datePublished\":\"2022-01-25T22:03:10+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/governor-failed-the-economy-fdc\"},\"wordCount\":448,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/governor-failed-the-economy-fdc#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/uganda\/sites\/34\/2022\/01\/img-61f0713c0a5e0.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Uganda\",\"uganda\"],\"articleSection\":[\"all news\",\"homepage-english\",\"policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/uganda\/all-news\/governor-failed-the-economy-fdc#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/governor-failed-the-economy-fdc\",\"url\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/governor-failed-the-economy-fdc\",\"name\":\"Governor failed the economy \u2013 FDC - 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