Macro Analysis /

Ghana turns to gold buying to support its depreciating currency

  • Forex: Ghana turns to gold buying to support the Cedi

  • Fixed Income: Sell-off in Kenyan bonds halts temporarily, but broader bearish bias remains intact           

  • Macroeconomic: US Dollar corrects lower on Tuesday, providing a boost for emerging market currencies

Kieran Siney
Kieran Siney

Head of African Markets

Takudzwa Ndawona
Takudzwa Ndawona

Financial Markets Analyst

ETM Analytics
18 May 2022
Published byETM Analytics


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