The Exchange has admitted to its Official List, the Government of Ghana’s 2-Year, 3-Year and 5-Year Treasury Notes and Bonds issued from January 5, 2015 to March 30, 2015.
Background information on the Notes is as follows:
Title : 2-Year Fixed Rate Notes 3-Year Fixed Rate Bonds
Issuer : Government of Ghana Government of Ghana
Total Value Issued : GH¢556,352,894 GH¢470,080,196
Coupon Rate : 23% per annum 23.23% per annum
Issue Date : Jan. 5, 2015 to Mar 30, 2015 February 23, 2015
Maturity Date : Various (between Jan 2, 2017 February 19, 2018
and March 27, 2017)
Interest Payment : Half yearly from issue date Half yearly from issue date
Title : 5-Year Fixed Rate Notes
Issuer : Government of Ghana
Total Value Issued : GH¢201,829,500
Coupon Rate : 21% per annum
Issue Date : March 30, 2015
Maturity Date : March 23, 2015
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 3-year, 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 and bonds issued.