The Exchange has admitted to its Official List, the Government of Ghana’s 2-Year and 3-Year Treasury Notes and Bonds issued from April 6, 2015 to June 29, 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¢529,124,329 GH¢605,474,800
Coupon Rate : 23% per annum 22.49% and 23.47% per annum
Issue Date : April 6, 2015 to June 29, 2015 April 27 2015 and May 25, 2015
Maturity Date : Various (between April 3, 2017 April 23, 2018 and May 21, 2018
and June 26, 2017)
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, 5-year and 7-year bonds.
The Central Securities Depository will be in charge of registration.
iii. Withholding Tax
There is an 8% 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.
Issued at Accra, this 30th
day of June, 2015.