Ghana currency faces slide while Uganda shilling gains
Ghanas cedi is expected to slide against the dollar due to high corporate demand. Meanwhile, Ugandas shilling should strengthen driven by month-end inflows.
Insights:
Ghana's cedi is set to slide against the United States dollar over the coming week, driven by persistent corporate demand for hard currency. The currency traded at 11.00 per dollar, weakening from 10.90 the previous week. That downward pressure highlights ongoing liquidity strains across sub-Saharan African foreign exchange markets.
