Listing
The Exchange has admitted to its Official List, the Government of Ghana’s 2-Year and 3-Year Notes and Bonds issued between September 1, 2008 and January 31, 2010.
Background Information
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¢969,299,828 |
GH¢310,891,500 |
| Coupon Rate : | Various (between 20.50% and 25.50%) per annum | 19.00% per annum |
| Issue Date : | Sept. 1 2008 to Jan. 25, 2010 | January 18, 2010 |
| Maturity Date : | Various (between August 30, 2010 and January 23, 2012) | January 14, 2013 |
| Interest Payment : | Half yearly from issue date | Half yearly from issue date |
Other Information
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
The Bank of Ghana 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.
Issued at Accra, this 16th
day of February, 2010.