African currencies week ahead: Ghana's cedi eyes new lows, others stable

24 May, 2015

Ghana's cedi could weaken next week on increased dollar demand, while other currencies are likely to be stable.
"The rising overnight rates and tightening liquidity will offer support," said a trader at a commercial bank. The central bank has been aggressively mopping up liquidity from the money markets in recent weeks, making it slightly more expensive for players to bet against the shilling.

Read Comments