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Ghana Stock Exchange

PR. 007/2013-LISTING AND TRADING OF 2-YEAR AND 3-YEAR GOVERNMENT OF GHANA BONDSISSUED FROM OCTOBER 8, 2012 TO DECEMBER 31, 2012

By January 21, 2013No Comments

Listing
The Exchange has admitted to its Official List, the Government of Ghana’s 2-Year and 3-Year Notes and Bonds issued from October 8, 2012 to December 31, 2012.

Background Information
Background information on the Notes and Bonds are as follows:

  2-Year Fixed Rate Note  3-Year Fixed Rate Bond
Title : 2-Year Fixed Rate Notes 3-Year Fixed Rate Bond
Issuer : Government of Ghana Government of Ghana
Total Value Issued : GH¢407,388,611  GH¢1,465,910,300
Coupon Rate :  23% per annum 21% per annum
Issue Date : Oct. 8, 2012 to Dec. 31, 2012 October 29, 2012
 Maturity Date : Various (between Oct. 6, 2014 and December 29, 2014) October 26, 2015
Interest Payment : Half yearly from issue date Half yearly from issue date

  Other Information
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 3-year bonds.

ii. Registration
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 and bond issued.

Issued at Accra, this 21st
day of January, 2013