Ghana and Uganda Currencies Face Further Weakening
Ghanaian and Ugandan currencies are expected to weaken further against the dollar due to persistent corporate and energy importer demand. Meanwhile, the Kenyan shilling and Zambian kwacha are forecast to hold steady amid supportive economic factors.
Insights:
The currencies of Ghana and Uganda face continued depreciation against the United States dollar through the coming week. Corporate foreign-currency demand and energy import pressures drive the downward trend. Traders project sustained pressure on both African units amid broader macroeconomic shifts.
