The Exchange has admitted to its Official List, the Government of Ghana’s 2-Year Treasury Notes issued from October 6, 2014 to December 29, 2014.
Background information on the Notes is as follows:
Title : 2-Year Fixed Rate Notes
Issuer : Government of Ghana
Total Value Issued : GH¢166,319,274
Coupon Rate : 23% per annum
Issue Date : Oct. 6, 2014 to Dec. 29, 2014
Maturity Date : Various (between Oct. 3, 2016
and December 26, 2016)
Interest Payment : Half yearly from issue date
i. Non-Resident Foreign (NRF) Investors Participation
Bank of Ghana has confirmed that participation is open to non-resident foreigners (NRF) in respect of the 5-year and 7-year bonds.
The Central Securities Depository will be in charge of registration.
iii. Withholding Tax
There is a 10% withholding tax on interest income to corporate holders. Interest income on Government Bonds to individuals is not subject to withholding tax.
Attached is the list of the notes issued.