Listing
The Exchange has admitted to its Official List, the Government of Ghana’s 2-Year Treasury Notes issued between August 2, and September, 2011.
Background Information
Background information on the Notes and Bonds are as follows:
| 2-Year Fixed Rate Note |
|
| Title : | 2-Year Fixed Rate Notes |
| Issuer : | Government of Ghana |
| Total Value Issued : | GH¢21,160,800 |
| Coupon Rate : | Various (between 11% and 12%) per annum |
| Issue Date : | August 8, 2011 to September 29, 2011 |
| Maturity Date : | Various (between August 5, 2013 and September 23, 2013) |
| Interest Payment : | Half yearly from issue date |
Other Information
i. Non-Resident Foreign (NRF) Investors Participation
Bank of Ghana has stated that participation in the 2-Year fixed Rate Note is not open to non-resident foreigners (NRF).
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 tax.
Attached is the list of the notes issued.
Issued at Accra, this 27th
day of October, 2011
