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{
    "id": 319498,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/319498/?format=api",
    "text_counter": 286,
    "type": "speech",
    "speaker_name": "Mr. Mungatana",
    "speaker_title": "",
    "speaker": {
        "id": 185,
        "legal_name": "Danson Buya Mungatana",
        "slug": "danson-mungatana"
    },
    "content": "Mr. Deputy Speaker, Sir, what I am saying, and I am saying it here, loud and clear, is let us not waste public funds. If this amendment is creating more stringent measures for the Governor, let us appoint the correct person. Let him go through the process in Parliament, but let us not create unnecessary positions. I have always argued against creating two centres of power. I think this is a clear case of two centres of power. Let us deal with a Governor. Let us say that if Parliament made a mistake in choosing or approving the Governor, then Parliament will take responsibility and take corrective measures. But let us not have two people approved at the same time. I really do not understand this; if we are going to amend the CBK Act, I expect that it will be a substantive amendment of the Act, and it will come through the Committee on Finance, Planning and Trade, there will be a lot of work, there will be serious consultations and we will have met the Governor and other stakeholders within the monetary sector to make presentations to Parliament. The whole country will be aware that we are going through a certain process, so that we can make this Act as effective as possible. Mr. Deputy Speaker, Sir, we are dealing with the biggest economy in the entire East African region. So, why are we doing it this way? Why are we doing it piecemeal? How can we be amending the CBK Act, yet Members of Parliament are really clearly not aware of it; otherwise they would be here if that process had been followed properly by involving all the stakeholders. On the creation of this office, we strongly oppose this proposed amendment. We shall be bringing an amendment at the Committee Stage, so that we keep the good thing that is in here but we remove what is not necessary."
}