Economist, Dr. Joe Abbey is advising government to invest proceeds from upcoming EUROBOND in areas that would yield prudent returns. Government is set to turn to the international capital market to raise about 1 billion dollars. According to the Vice President, Kwesi Amissah-Arthur, proceeds from the sovereign bond would be used to finance infrastructure projects and restructure maturing debts and interest payments. Some analysts have however questioned the timing of the bond issue given the country’s huge fiscal deficit and possible down of our credit ratings by FITCH. This is because of the higher interest government would be paying on the bond. It is also believed that proceeds from first bond were not used for projects it was meant for. But Dr. Joe Abbey tells Joy Business the problem is about how to service these debts and not about the timing. Ghana in 2007 issued its first 10 year EUROBOND to raise 750 million dollars from the International Market. Meanwhile, the governor of Bank of Ghana, Dr. Kofi Wampah has hinted that Ghana is looking at offering investors yields that are lower than 8.5 percent it gave out in 2007.