Listing
The Exchange has admitted to its Official List, the Government of Ghana’s 2-Year and 3-Year Notes and Bonds issued between December 26, 2011 and February 27, 2012.
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¢31,970,914 | GH¢219,745,00 |
| Coupon Rate : | Various (between 12.10% and 12.70%) per annum | 14.99% per annum |
| Issue Date : | Dec. 26, 2011 to Feb. 27, 2012 | February 27, 2012 |
| Maturity Date : | Various (between Dec. 23, 2013 and February 24, 2014) | February 23, 2015 |
| 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 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 8th
day of March, 2012.