follow us

SKYEVIBES

Home | Music | Entertainment | Entertainment | News |
You are here
Home > News > Gov’t must diversify sources of Eurobond fund—Economist

Gov’t must diversify sources of Eurobond fund—Economist

The impending increase of the U.S Fed rate should encourage government to diversify the sources of its next Eurobond— that is an advice from Economist, Dr. Lord Mensah.

His assertion follows a press release announcing that the Minister of Finance, is leading a government delegation on a non-deal road show in Asia to attract Asian investors.

The U.S is expected to increase its policy rate this year, and this is anticipated to affect the rate at which U.S investors will lend outside the country.

Speaking to Citi Business News, Dr. Lord Mensah stated that it is prudent for government to look at investors in emerging markets to attract a good rate when it is ready to issue a Eurobond.

“The best way is to look elsewhere. Going forward, I foresee interest rates in the Western market (Europe and America) going up because the Fed in the U.S is about to increase their monetary policy rate,” he said.

Dr. Mensah explained that, such a move will affect the buildup of the cost of lending.

“It will feed into all their interest rate structures. So going to the western market will attract high interest rate. So why don’t you explore other alternative markets. I think going to Asia is a good idea,” he said.

He maintained that there is the need for government to always work at reducing the cost of funds it borrows from the international market.

By: Lawrence Segbefia/citibusinessnews.com/Ghana

The post Gov’t must diversify sources of Eurobond fund—Economist appeared first on Ghana News.

Source: citifmonline

Leave a Reply

,REPORT
& COMPLAINTS
OR EMAIL US AT SKYEVIBES@GMAIL.COM Write for us| #New channel in multi Tv Position Also Read olamide is a science student Post of the week #fuel sarcity Terms & Conditions | Disclaimer | Privacy Policy |
Daily Sudoku

Sudoku
,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,