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 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|
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.
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