Consumer Expectations Survey data show that consumers continue to avoid “big ticket” purchases (after a robust rebound in demand for goods between mid-2020 and end-2021), with holidays being the only item on which they intend to increase spending.
Bank of Uganda has also taken the following measures to promote financial inclusion:   Promoted Mobile Money transfer services    Designed a regulatory framework for Tier 4 institutions that includes the regulation of SACCOs    Promoted the development of an effective framework for financial literacy and financial consumer protection    Made proposals to amend the Financial Institutions Act 2004 to provide for Islamic Banking and Finance.