The Exchange has admitted to its Official List, the Government of Ghana’s 2-Year and 5-Year Notes and Bonds issued between July 02, 2012 and October, 2012.
Background information on the Notes and Bonds are as follows:
2-Year Fixed Rate Note 5-Year Fixed Rate Bond
Title : 2-Year Fixed Rate Notes 5-Year Fixed Rate Bond
Issuer : Government of Ghana Government of Ghana
Total Value Issued : GH¢595,207,017 GH¢898,631,000
Coupon Rate : 23% per annum 23% per annum
Issue Date : July 2, 2012 to Oct. 1, 2012 August 27, 2012
Maturity Date : Various (between June 30, 2014 August 21, 2017
and Sept. 29, 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 5-year fixed rate bond.
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 16th
day of October , 2012.