No more government contracts, procurement in foreign currencies - government orders

Uganda Enforces Local Currency Use In Government Contracts To Boost Economic Sovereignty

By Spy Uganda In a bold move to strengthen the Ugandan Shilling and assert economic sovereignty, the Government of Uganda has directed that all public sector procurement and contracts must be conducted exclusively in local currency. The directive, issued by Ramadhan Ggoobi, Permanent Secretary and Secretary to the Treasury, forms a key pillar of the…

No more government contracts, procurement in foreign currencies - government orders

The Ugandan government has issued a strict directive banning all public sector contracts and procurement processes from being conducted in foreign currencies, reinforcing the use of the Ugandan Shilling (UGX) for all transactions.  Ramadhan Ggoobi, the Permanent Secretary and Secretary to the Treasury (PSST), announced the measure in the Budget Execution Circular for Financial Year 2025/26. He said this was needed to protect the stability and co…