Ghanaian and Zambian Currencies Could Slip as Dollar Demand Outpaces Supply

Ghana's cedi and Zambia's kwacha are expected to weaken against the dollar due to persistent foreign currency demand, while currencies in Kenya, Nigeria, and Uganda are projected to remain stable.

The currencies of Ghana GHGH and Zambia ZMZM are expected to lose ground against the dollar in the coming week, while those of Kenya KEKE, Nigeria NGNG, and Uganda UGUG are projected to remain relatively stable, according to traders across the region.
African currencies face divergent pressures as dollar demand varies across regional economies
African currencies face divergent pressures as dollar demand varies across regional economies
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