Bank of Uganda governor removes like on OJ-UGANDA’s fact-check after scrutiny

Editorial Team/Staff Writers


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The Bank of Uganda governor, Michael Atingi-Ego, has removed a like from a fact-check published by OJ-UGANDA more than two weeks ago about his economist’s false budget claim.

Mr Atingi-Ego had liked the fact-check on the professional networking and career-branding platform LinkedIn, without commenting.

But after the Weekend Monitor published an article saying the bank had failed to provide evidence that the fact-check was misleading, he removed the like.

The fact-check examined a claim by economist Pumla Nabachwa who said, while explaining how treasury bills and bonds work, that Uganda’s budget delivered in June is shs3.4tn.

“They read the budget earlier this month. So, the budget is so much, so I think it’s [Shs] 3.4 trillion or something,” she said.

Her comments were captured in a video posted on social media by REALity TV Uganda, a content-creation platform. The video has been shared more than 400 times.

OJ-UGANDA rated the economist’s claim false because the approved budget for 2026/27 is shs84.39tn. Ms Nabachwa’s claim was off by more than 24 times.

The bank did not respond to OJ-UGANDA’s questions about whether it stands by its claim that the fact-check was misleading, or whether it can provide evidence supporting its explanation of the shs3.4tn figure. OJ-UGANDA also asked the bank whether the Governor’s removal of the like reflected a change in his view of the fact-check. The bank did not respond.

On July 31, the bank’s media relations lead, Ishta Atukunda, emailed OJ-UGANDA to say that the fact-check was misleading and that the economist was referring to how much the government plans to borrow through government securities.

How it unfolded

  1. 1

    Economist makes a false budget claim

  2. 2

    OJ-UGANDA fact-checks it, rates it false

  3. 3

    Governor likes the fact-check publicly

  4. 4

    Bank of Uganda disputes it as “misleading,” but the cited document doesn’t back the claim

  5. 5

    Editor writes about it in his Weekend Monitor column

  6. 6

    Governor unlikes the fact-check

Ms Atukunda shared the National Budget Framework Paper FY2025/26–FY2029/30, which was released in 2024, without explaining why the economist, who was discussing treasury bills and bonds, had to cite a figure from a document unrelated to government securities.

The shs3.4tn listed in the document is for the Parish Development Model, not borrowing, as Ms Atukunda had claimed.

Editor’s Note: OJ-UGANDA’s editorial director, Musaazi Namiti, wrote the Weekend Monitor article referred to in this Brief But Hot. Mr Namiti is an independent contractor with the Weekend Monitor.


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