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 January 7, 2013 to July 1, 2013.
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¢1,781,978,594 GH¢1,307,468,727
Coupon Rate : 22.30% to 23% per annum 16.73% to 19.24% per annum
Issue Date : Jan 7, 2013 to July 1, 2013 Jan 14, Mar 11, and June 3, 2013
Maturity Date : Various (between Jan 5, 2015 Jan 11, 2016; Mar 7, 2016 and
and June 29, 2015) May 30, 2016
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 19th
day of July, 2013.