Some investment and financial consultants are of the view that government will secure a favorable interest rate on its EUROBOND sale.

There are fears that recent reports by FITCH and Moody’s which sought to question government’s ability to pay its debts on time, might affect the bond sale.

FITCH in its latest report puts Ghana’s credit ratings at B but with a negative outlook.

Another rating agency Moody in its latest report has put a provisional “P( B1)”  on the country’s fourth Eurobond which connotes a high credit risk and speculative.

But speaking on Business Trends on JOY FM   hosted by George Wiafe, Financial consultant, Charles Mensah was of the view that things will not be that bad for government when it comes to the interest rate that it will get on the EUROBOND.

Another investment analyst, Derrick Mensah, also believes that government can use its new debt management strategy to convince investors that it will be able to pay back its loans on time. 

The Eurobond roadshow which is currently on-going is led by Finance Minister Seth Terkper together with Governor of Bank of Ghana and some senior officials from the Finance ministry and Bank of Ghana.  

The exercise will take the team to London, Germany, and some states in the US.  It is expected to end with government securing commitment from the investors to lend out some 1.5 billion Ghana cedis to the country. 

JOYBUSINESS is learning that Standard Chartered Bank, Barclays and Deutshe Bank will act as transaction advisors for the Eurobond.