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 7, 2014 to June 30, 2014.
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¢181,826,482||GH¢579,696,875|
|Coupon Rate :||23% per annum||25.48% and 24.44% per annum|
|Issue Date :||April 7, 2014 to June 30, 2014||April 28, 2014 and June 2, 2014|
|Maturity Date :||Various (between April 4, 2016 and June 27, 2016)||April 24, 2017 and May 29, 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 bonds.
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 30th
day of July , 2014.