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AFRICA-FX-Ghana and Uganda currencies could gain - REUTERS
ACCRA, May 22 (Reuters) - The Ghanaian and Ugandan currencies are expected to strengthen in the next week to Thursday, while Nigeria's could be stable and Kenya's and Zambia's may fall, traders said.
GHANA
Ghana's cedi is expected to firm further, underpinned by strong hard-currency inflows from remittances and continued central bank support.
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LSEG data showed the cedi trading at 11.70 to the dollar on Thursday, compared to 12.40 per dollar at last Thursday's close.
"The cedi continued its appreciation streak against the dollar, breaking the 12.00 key level on the interbank market," said Chris Nettey, head of trading at Stanbic Bank Ghana.
"We expect further appreciation in the coming sessions, supported by central bank's ongoing interventions," he added.
UGANDA
Uganda's shilling is seen trading with a firming tone, bolstered by month-end foreign-currency inflows from non-governmental organisations.
