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PR. 232/2011 LISTING AND TRADING OF 2-YEAR AND 5-YEAR GOVERNMENT OF GHANA BONDS ISSUED BETWEEN JULY 1, 2011 AND AUGUST 1, 2011

Listing
The Exchange has admitted to its Official List, the Government of Ghana’s 2-Year and 5-Year Notes and Bonds issued between July 1, 2011 and August 1, 2011.

Background Information
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¢14,976,832  GH¢305,335,000
Coupon Rate : Various (between 11.70% and 12.05%) per annum 14.25% per annum
Issue Date : July 4, 2011 to August 1, 2011 August 1, 2011
Maturity Date : Various (between July 1, 2013 and July 29, 2013) July 25, 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 5-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 tax.

Attached is the list of the notes and bond issued.

Issued at Accra, this 24th
day of August, 2011.

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