Farewell Ssendaula
OPINION
Last week, Gerald Ssendaula got his wish and stepped aside as finance minister after a six-year tenure.
When history is written, Ssendaula will definitely have a seat at the high table.
During his time, he kept the economy on a growth trajectory.
Ssendaula shepherded the financial sector through a spate of bank closures in the late nineties and oversaw the establishment of the Uganda Securities Exchange.
He remained true with much pain, to the doctrine of fiscal discipline and was ever anxious to maintain Uganda�s relationship with the donor community.
He set the basic framework for Uganda to achieve transformation in our generation.
Enter Dr. Ezra Suruma. Suruma faces two challenges; he must ensure that the economic growth pattern is not compromised.
The second, a more daunting challenge, is to forge a strong partnership with the private sector by lowering lending rates and devising an incentive regime to spur productivity and competitiveness.
The finance ministry has for long been accused of insensitivity to the private sector, Suruma will have to change that if he is to pursue the Government�s dream of reduced donor dependency.Published on: Thursday, 20th January, 2005
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