Meanwhile, in Ghana and Kenya, currency concerns persist, with the Ghanaian cedi down nearly 17% against the USD YTD and the Kenyan shilling facing accelerating depreciation. Last week, Kenya’s central bank launched a new FX code to address currency issues. The country’s inflation remains above the target range, and a 25 bps interest rate hike to 9.0% is expected, with risks favoring a more aggressive move.