EMMANUEL Tumusiime Mutebile, the Governor of the Bank of Uganda (BOU), has said there is need for more financial products if deposits in the banking system are to increase.
Mutebile said that would enable resources to be mobilised locally and in turn reduce external borrowing.
He was speaking at the Kikonyogo Capital Markets Award at Munyonyo recently.
The main products in the local financial sector are deposits, Government treasury bills, corporate bonds and equities.
â€œLong-term treasury bonds have been introduced to enhance liquidity management and stimulate development of capital markets by providing benchmark pricing for corporate debt securities,â€ Mutebile said.
Mutebile decries few financial products