- Mark Stevens says cedi is stable enough to invest in Ghana
- The owner of TREVO says cedi is key consideration to invest in the economy
- He thinks Ghana’seconomy is characterised by an unstable cedi
- Stevens says the best time to invest in Ghana is now because of its economy picking up
- He has become a member of Forbes magazine’s Midas List of top 100 venture capitalists
US billionaire, Mark Stevens says the cedi stability of Ghana’s denomination is good reason to invest in the economy.
The Forbes-ranked billionaire, who owns TREVO, a nutraceutical health drink says the cedi’s stability is one of the biggest considerations for big investors who want to come to Ghana and invest.
The venture capitalist, who invests in startups through his firm S-Cubed Capital, is concerned about the current economic challenges and thinks Ghana’s economy is characterised by an unstable cedi, which has resulted in some big investors keeping their funds close to their chests until things improve.
Stevens, however, says the best time to enter into Ghana to do business is now, since a closer look at the cedi reveals, it is robust and the economy seems to be picking up.
He is in Ghana to promote the TREVO drink.
Stevens has over the years, become a rising star on Forbes magazine’s Midas List of top 100 venture capitalists, and climbed as high as 10th place in the ranking.