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World Economics Why possible U.S interest rate hike is a Ghanaian concern

The announcement may have direct consequences for Ghana as the Ministry of Finance  hits Europe with the roadshow for its $1.5 billion Eurobond.

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Head of U.S  Federal Reserves, Janet Yellen play

Head of U.S  Federal Reserves, Janet Yellen

The U.S Federal Reserve is set to review its interest rate in  2 hours. This will be the first time in years, after the global economic down turn that the Federal Reserves is considering its interest rates.

Most analysts believe that the US believes it is time to be competitive on the market again, as the Federal Reserves seeks to make U.S bonds and treasury bill more competitive on the market.

The announcement may have direct consequences for Ghana as the Ministry of Finance  hits Europe with the roadshow for its $1.5 billion Eurobond.

Head of research at the investment firm Groupe Nduom, Samuel Ampah, says the U.S interest rate situation will have an effect on Ghana 's Eurobond.

" It is certain, that the U.S situation will affect our ability to attract the right investors for our 1.5 billion dollar Eurobon. The kind of interest we will get for the money we raise will be dependent to some extent to whether the U.S will provide a better alternative to the investor or not."

The financial analyst also believes that the current economic situation, the current debt crises will ensure that Ghana gets not lower than the 8.5 percent coupon rate the country got in its last Eurobond.

All eyes on the U.S Federal Reserve this evening to see what they do.

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