Ghana cedi to fall as Zambia kwacha set for gains
Ghana's cedi faces further weakness on high corporate dollar demand. The Zambian kwacha may gain on mining inflows while other regional currencies remain stable.
Xurve View
Insights:
Xurve View
Ghana's cedi fell to 11.34 per dollar as persistent energy sector demand outstripped mining inflows and central bank allocations. The currency weakened from 11.26 a week earlier, extending a slide driven by unresolved foreign-currency backlogs. Traders expect the decline to persist through the following week.
