The Exchange has admitted to its Official List, the Government of Ghana’s 2-Year and 3-Year Notes and Bonds issued between March 5, 2012 and May 28, 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¢235,328,034 GH¢534,163,555
Coupon Rate : Various (between 12.60% 24% per annum
and 21.15%) per annum
Issue Date : March 5, 2012 to May 28, 2012 May 28, 2012
Maturity Date : Various (between March 3, 2014 May 25, 2015
and May 26, 2014)
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.
ii. Registration of Security
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 12th
day of June, 2012.