{"id":401006,"date":"2018-02-13T09:57:53","date_gmt":"2018-02-13T09:57:53","guid":{"rendered":"http:\/\/citifmonline.com\/?p=401006"},"modified":"2018-02-13T19:10:57","modified_gmt":"2018-02-13T19:10:57","slug":"govt-must-diversify-sources-eurobond-fund-economist","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2018\/02\/govt-must-diversify-sources-eurobond-fund-economist\/","title":{"rendered":"Gov\u2019t must diversify sources of Eurobond fund\u2014Economist"},"content":{"rendered":"
The impending increase of the U.S Fed rate should encourage the government to diversify the sources of its next Eurobond, Economist, Dr. Lord Mensah has advised.<\/p>\n
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.<\/p>\n
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.<\/p>\n
Speaking to Citi Business News<\/strong>, 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.<\/p>\n \u201cThe 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,\u201d he said.<\/p>\n Dr. Mensah explained that, such a move will affect the buildup of the cost of lending.<\/p>\n \u201cIt will feed into all their interest rate structures. So going to the western market will attract high interest rate. So why don\u2019t you explore other alternative markets. I think going to Asia is a good idea,\u201d he said.<\/p>\n He maintained that there is the need for government to always work at reducing the cost of funds it borrows from the international market.<\/p>\n –<\/p>\n By: Lawrence Segbefia\/citibusinessnews.com\/Ghana<\/p>\n","protected":false},"excerpt":{"rendered":" The impending increase of the U.S Fed rate should encourage the government to diversify the sources of its next Eurobond, Economist, Dr. Lord Mensah has advised. 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 […]<\/p>\n","protected":false},"author":14,"featured_media":230178,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[32],"tags":[],"yoast_head":"\n