He replaces Doris Akol who has served one term.
He has also forwarded the details of Dr Michael Atingo-Ego to Parliament for vetting for the position of Deputy Governor, Bank of Uganda.
Last week, Mr James Kahooza, a board member at Bank of Uganda appointed Adam Mugume in acting capacity to replace Dr. Louis Kasekende whose contract ended in January. The news when Governor Emmanuel Mutebile had taken a sick leave.
Dr Michael Atingo-Ego is a former director of Research at Bank of Uganda before he joined the International Monetary Fund (IMF). He is a close relative of Capt. Mike Mukula, the Vice Chairman of the ruling National Resistance Movement party in charge of Eastern Uganda.
“He is a man of high integrity and he was in IMF in charge of Africa region but above all, he is seasoned” Capt. Mukula told Eagle Online
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