African Currency 2026 YTD Performance Analysis
Cede Research Team
Treasury Digest 27 April 2026
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African Currency 2026 YTD Performance Analysis
The Nigerian Naira has strengthened by 6.60% since January, while the Ghanaian Cedi has weakened by 5.75% year-to-date.
In this week's Treasury Digest, we examine the key factors driving movements in these currencies, alongside the Kenyan Shilling and South African Rand, and provide an outlook for each.
We also spotlight movements in money market activity and foreign exchange trends across Nigeria, Kenya, and Ghana.
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