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PR. 197/2014-LISTING AND TRADING OF 2-YEAR AND 3-YEAR GOVERNMENT OF GHANA BONDS-ISSUED FROM APRIL 7, 2014 TO JUNE 30, 2014

Listing
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
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

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 30th
day of July , 2014.