The Exchange has admitted to its Official List, the Government of Ghana’s 2-Year and 5-Year Notes and Bonds issued between June 4, 2012 and June 30, 2012.
Background information on the Notes and Bonds are as follows:
2-Year Fixed Rate Note 5-Year Fixed Rate Bond
Title : 2-Year Fixed Rate Notes 5-Year Fixed Rate Bond
Issuer : Government of Ghana Government of Ghana
Total Value Issued : GH¢80,755,109 GH¢267,280,000
Coupon Rate : 23% per annum 26% per annum
Issue Date : June 4, 2012 to June 25, 2012 June 11, 2012
Maturity Date : Various (between June 2, 2014 June 5, 2017
and June 23, 2014)
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 5-year fixed rate bond.
ii. Registration of Security
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 25th
day of July , 2012