Currencies across sub Saharan Africa are expected to show mixed performance in the coming week, with Ghana’s cedi forecast to weaken further, while Nigeria’s naira is likely to remain stable, according to regional currency traders. Kenya’s shilling is also expected to trade within a narrow range, reflecting relative market calm in East Africa.

In Ghana, sustained corporate demand for foreign currency continues to place pressure on the cedi, despite recent efforts by authorities to stabilise the market. Traders say import related dollar demand and cautious investor sentiment are likely to weigh on the currency in the near term, even as macroeconomic reforms remain underway.

By contrast, Nigeria’s naira is expected to hold steady, supported by improved dollar liquidity and ongoing reforms in the foreign exchange market. Analysts note that while challenges persist, increased central bank interventions and stronger oil receipts have helped reduce volatility. Meanwhile, Kenya’s shilling is projected to remain stable amid balanced demand and supply conditions, underpinned by steady remittance inflows and disciplined monetary policy.