Ugandan and Ghanaian Currencies Face Losses
The currencies of Uganda and Ghana are expected to extend losses due to strong import demand for hard currency. Meanwhile, the Kenyan and Zambian currencies are projected to remain broadly stable in upcoming trading sessions.
Insights:
The currencies of Uganda and Ghana face downward pressure through the coming week amid strong corporate hard currency demand. Both African economies grapple with persistent import-driven foreign exchange outflows.
