US EditionGhana's cedi gains while Zambia's kwacha remains under pressure
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Ghana's cedi gains while Zambia's kwacha remains under pressure
Ghana’s cedi is expected to post modest gains against the U.S. dollar next week, buoyed by firm central bank support. Traders pointed to improved interbank liquidity and narrowing bid-offer spreads as signs of renewed confidence in Ghana’s currency. “The cedi has rallied this week on increased support from the central bank,” said Sedem Dornoo, a senior trader at Absa Bank Ghana. LSEG data showed the cedi trading at 15.4300 to the dollar on Thurs…
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