Bank of Uganda Governor Dr. Michael Atingi-Ego has been named among the world’s top 25 central bank governors in the 2025 Central Banker Report Cards released by Global Finance magazine. The ranking recognizes central bank heads for outstanding performance in economic leadership, particularly in managing inflation, ensuring currency stability, and fostering economic growth.
Dr. Atingi-Ego received an A grade, placing him in the same league as top-performing central bankers from Switzerland, South Korea, the United States, and Indonesia. The grading system, which ranges from A+ to F, evaluates central bankers based on objective criteria including monetary policy effectiveness, financial sector stability, and independence from political influence.
Uganda’s economy has shown strong performance under Dr. Atingi-Ego’s leadership. The country recorded a GDP growth rate of 6.3 percent in the 2024/25 financial year, up from 6.1 percent the previous year. Key drivers of growth included increased government investment in agriculture, agro-industrialization, and infrastructure, along with ongoing developments in the oil and gas sector.
Inflation has remained stable, with annual headline inflation at 3.8 percent in both July and August 2025, slightly down from 3.9 percent in June. This is well within the Bank of Uganda’s medium-term inflation target of 5 percent. The Ugandan shilling has also held steady against major currencies, supported by increased export revenues and remittances.
Joseph Giarraputo, founder and editorial director of Global Finance, noted that this year’s rankings highlight central bank governors who demonstrated discipline, strategic foresight, and the ability to deliver results in a challenging global environment marked by inflationary pressures and geopolitical tensions.
In a brief statement, Dr. Atingi-Ego welcomed the recognition, crediting the achievement to the collective effort of his team and the resilience of Uganda’s economy. The Bank of Uganda remains committed to ensuring macroeconomic stability while supporting inclusive and sustainable growth.
The Global Finance report is an annual benchmark that tracks the performance of central bankers from over 100 countries and territories. It is widely followed by investors, economists, and financial analysts worldwide.