Cedi Stability Key Consideration To Invest In Ghana-Billionaire

Economist.jpg

A woman holds 03 July 2007 in Accra a wad new currency, the new cedi, that Ghana put in circulation that day, although the old money will still be valid until the end of the year. Currently, the cedi is one of the least valued currencies in Africa: 9000 cedis equal one US dollar. Ernest Addison, head of research at the Bank of Ghana, assured in November 2006 that the changeover was not a revaluation nor devaluation, and will not affect foreign exchange. AFP PHOTO / ISSOUF SANOGO (Photo credit should read ISSOUF SANOGO/AFP/Getty Images)

The Cedi’s stability is one of the biggest considerations for big investors who want to come to Ghana.

That is according to, Mark Stephens, a US billionaire and owner of the nutraceutical health drink, TREVO.

The current economic challenges, characterized by a wobbly cedi, has resulted in some big investors holding on to their funds until things improve.

Mr. Stephens, however, says this is the best time to enter into the Ghanaian economy as the cedi stays robust and the economy seems to be picking up.

The Forbes-ranked US billionaire has been in the country over the past two to promote the TREVO drink.

Share News

submit to reddit