NAIROBI — Weak copper prices were expected to weigh on Zambia’s kwacha next week and corporate dollar demand was likely to put pressure on Ghana’s cedi, but Kenya’s shilling was expected to trade little changed.GHANAGhana’s cedi may weaken further as seasonal demand for dollars from local businesses increases.By 10am GMT on Thursday, the cedi was quoted at 3.8800/$, compared with 3.8300/$ a week ago. After a fairly stable fourth quarter, it came under pressure last week as importers sought dollars."Having touched the 3.90 levels, forex traders and corporates are tempted to buy and hold the dollar to guard against the usual early year depreciation of the cedi," said Joseph Biggles Amponsah at Dortis Research. The cedi may reach 3.95/$, he said.ZAMBIAThe kwacha is expected to remain under pressure next week from weak copper prices and a limited supply of dollars in the local market.At 11.03am GMT on Thursday, commercial banks quoted the currency of Africa’s second-largest copper produ...
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